The American economy is booming thanks to President Trump’s pro-growth policies, and now the President can set his sights on ensuring that prosperity reaches every nook and cranny of the country.
In a move designed to help underperforming areas prosper along with the rest of the country, Donald Trump recently signed an executive order that will steer additional long-term investments to 8,000 American communities designated as “opportunity zones”.
With an average poverty rate of 32% and 1.6 times more unemployment than the rest of the country, these forgotten communities are in desperate need of help and intervention.
The President’s historic tax cut bill laid the groundwork for the economic revival of those areas, offering tax breaks for companies to invest in new economic activity. The recent executive order builds on that concept by establishing a “White House Opportunity and Revitalization Council” that will give opportunity zones priority for things like federal grants, infrastructure spending, and crime prevention.
By turning opportunity zones into hubs of economic growth and investment, President Trump’s new policy is expected to improve the lives of approximately 35 million people while producing a positive return on investment for taxpayers.