GeorgeWBush.com :: Agenda for America – Chapter 1
Creating Opportunity Zones to Help Communities in Need
President Bush recognizes the need to provide assistance to communities that have lost a significant portion of their job base and workforce in the past decade. President Bush will provide assistance to communities in transition by:
* Creating Opportunity Zones – The President’s Opportunity Zones initiative encourages private and public investment within needy communities. In exchange for reducing local barriers to growth and development, these Opportunity Zones would receive tax benefits to encourage businesses to locate, invest, and hire new workers in the community. The plan includes incentives to spur the development of residential construction. These areas will also receive priority consideration for Federal education, job training, and housing funding.