The inauguration of a new Presidential Administration is just a few days away. Members of Congress are taking their seats and defining priorities for the new session. At the state level, sessions are kicking off, and Governors are making their priorities known through budget requests. Many local governments are building budgets continuing the work of councils and committees that form local governance structures.
Main Street has a place in all of these conversations.
At the federal level, Main Street America is monitoring policy activity that affects Main Street and advocating for programs that will help local leaders improve their communities. The end of the 118th Congress (2023−2024) brought a few key victories and new proposals that have the potential to improve our communities.
New Legislation in 2024
In December, Congress reauthorized the Economic Development Administration (EDA) through a larger piece of legislation, a major victory for economic development advocates. Congress had not reauthorized it in over twenty years. The reauthorization changes how the agency works, including several updates of importance to Main Street:
- Adds eligibility for capacity building, outdoor recreation, and tourism for EDA grants.
- Increases the federal cost share for EDA grants, meaning a lower barrier to entry.
- Reaffirms the role of regional commissions, like the Appalachian Regional Commission, in supporting economic development.
Additionally, the EXPLORE Act became law in early January. This legislation improves outdoor recreation programs, including codifying the Outdoor Recreation Legacy Partnership (ORLP) program, which helps build parks in underserved communities. The OLRP program will now have lower population thresholds and expanded eligibility for tribal lands.
In the final days of the 118th Congress, Representatives Mike Ezell (MS-04) and Troy Carter (LA-02) introduced the bipartisan Capacity Building for Business Districts Pilot Program. This bill would create a new funding source to provide technical assistance and pass-through capacity-building grants to local organizations supporting a business district’s revitalization.
And, thanks to the dedicated advocacy of advocates in West Virginia and Virginia, Senators Shelley Moore Capito and the Rural Historic Tax Credit Improvement Act. This legislation would strengthen the Historic Tax Credit for small projects and make it easier to use, including making the tax credit transferrable for these projects.
At the end of the Congress, both of these bills are considered “sine die,” or dead, but Main Street America will continue to advocate for them.
Looking Ahead to 2025
The incoming Administration’s priorities include improving government efficiency and passing a large tax package. In 2025, Main Street America expects to advocate for sustaining funding programs such as the Community Development Block Grant and the Historic Preservation Fund that improve Main Street districts.
Additionally, 2025 is considered the “Super Bowl” of taxes. A tax package passed through the reconciliation process may include many provisions, including improvements to the Historic Tax Credit. As this legislation progresses, we will call on Main Street leaders to advocate for improvements to the credit, like those included in the Rural Historic Tax Credit Improvement Act and the Historic Tax Credit Growth and Opportunity Act.
The first step you can take? Interested advocates can join our partners at the National Trust Community Investment Corporation in raising their voices through the 1000 Actions in 100 Days campaign. Sign up here to receive talking points, contact information, and alerts.