When you purchase affordable housing credits, you help provide safe and affordable housing for people who may otherwise have an inferior living situation. Suitable housing generates pride, which in turn leads to strong work habits and spurs consumerism and economic growth. Furthermore, the construction and ongoing maintenance of affordable housing units creates jobs within communities.
The film and entertainment business generates an influx of jobs in a specific filming location. The local economy is boosted by the production crews’, workers’ and actors’ use of local hotels, restaurants and shopping venues. Abandoned buildings are often transformed to useful destinations that support filming and production teams. Once released, movies continue their economic impact as the featured region gains exposure on a national level.
When you purchase renewable energy tax credits, you support the advancement of renewable sources of energy such as solar power, wind power and biomass fuel. This encourages sustainability and energy efficiency programs designed to reduce our impact on the environment. Not only does this credit allow corporations to fulfill sustainability initiatives, it allows developers to reinvest into additional renewable energy programs. These credits help the environment and the bottom line at the same time.
Through tax credits, you help redevelop blighted buildings that can lead to the revitalization of an entire community. When historic buildings or industrial mills are redeveloped, they take on a new life and generate economic activity from professional offices and retail space to restaurants and manufacturing.