White House Opportunity and Revitalization Council Launches New Website
New website will serve as comprehensive tool
The Trump Administration is utilizing a powerful new tool called Opportunity Zones to help revitalize distressed and diverse neighborhoods. Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act with the goal of stimulating economic development and job creation in low-income communities by incentivizing long-term capital investments. Now, the White House Opportunity and Revitalization Council has introduced a new resource for all stakeholders working with the Opportunity Zones initiative, https://opportunityzones.hud.gov/.
FIND AN OPPORTUNITY ZONE NEAR YOU: The new Opportunity Zones website features an interactive map of all 8,764 Opportunity Zones across the U.S.
TOOLS FOR COMMUNITIES AND INVESTORS: There are many stakeholders involved with the Opportunity Zones initiative; Federal, State and local leaders, investors, entrepreneurs, and Opportunity Zone residents can find the resources they need.
ORGANIZING LOCAL RESOURCES: The new website provides easy access to links for state and territory-specific Opportunity Zones websites. Partnerships with State and local leaders are an important piece of the Opportunity and Revitalization Council’s charge.
LEARN THE LATEST: Follow along with the latest news happening with the Council and in Opportunity Zones around the country with news and updates.
LIFTING UP COMMUNITIES: Opportunity Zones help drive economic growth and lift up communities that have been left behind.
- Opportunity Zones are a powerful vehicle for bringing economic growth and job creation to the American communities that need them the most.
- On average, the median family income in an Opportunity Zone is 37 percent below the State median.
- The average poverty rate in an Opportunity Zone is more than 32 percent, compared with a rate of 17 percent for the average United States census tract.
- More than 8,760 communities in all 50 States, the District of Columbia, and 5 Territories have been designated as Opportunity Zones.
- Nearly 35 million Americans live in communities designated as Opportunity Zones.