In late March, the MGA and SLU released a study showing that, over the last 10 years, the historic tax credits have helped create or retain more than 43,000 jobs and have led to more than $669 million in new sales and income tax revenue for state and local governments.

Researchers for the study found that every situation where historic tax credits were used, the credits sparked more development nearby and, in the case of Ste. Genevieve and Hermann, helped increase tourism. There were no situations they found in which the tax credits didn’t work in that way.