President Trump Remarks During Opportunity Zone Initiative Conference….

In 2017, President Trump signed the Tax Cuts and Jobs Act, which established ‘Opportunity Zones’ to incentivize long-term investments in low-income communities across the country.  Today President Trump attended a conference to support the Opportunity Zone initiative. The conference aims to coordinate economic and social resources to stimulate growth in those areas.

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18 Responses to President Trump Remarks During Opportunity Zone Initiative Conference….

  1. decisiontime16 says:

    Excellent program! Let’s see if the democrats will support this plan or will they prefer the status quo.

    Reminds me of something President Reagan proposed.

    Reagan Proposes Enterprise Zones To Lure Business to Big-City Slums

    By Herbert H. Denton
    March 24, 1982

    President Reagan yesterday sent to Congress the main new domestic initiative of his administration, an urban enterprise zone proposal for attracting businesses to big-city slums by cutting their taxes and freeing them in part from government regulation.

    https://www.washingtonpost.com/archive/politics/1982/03/24/reagan-proposes-enterprise-zones-to-lure-business-to-big-city-slums/6a6a7bd5-954b-44b6-a1fd-7cffd9416002/?utm_term=.cc8f8b63e853

    Liked by 1 person

  2. Nigella says:

    But he’s RACIST!

    Liked by 1 person

  3. sucesfuloser says:

    President Trump is more involved than just making proposals.

    Liked by 2 people

  4. Bigly says:

    I really enjoyed the mayors, wonderful, positive and so unfiltered by media. Refreshing!

    Liked by 2 people

  5. ristvan says:

    An A for effort, BUT with very doubtful net positive effect.
    The Reagan enterprise zones idea was finally implemented by Jack Kemp in 1993, and an additional tax credit for them was added in 2000. Obama expanded the idea with his promise zones in several cities and one Indian reservation. It has never worked very well for two simple reasons:
    1. These low income mainly urban areas are also high crime, low educational achievement, broken families. So a very low quality labor pool. The high quality labor simply moves away.Think Baltimore, Philly, southwest side of Chicago, much of Detroit.
    2. The idea of incentivizing long term investment still requires there to be a (subsidized) return. Given 1, that is not often the case, especially when a booming economy offers so many other higher quality investment opportunities elsewhere.
    PDJT deserves his try, but unless there are significant structural and locational differences compared to the past I don’t see how his new effort won’t end like all past efforts—marginal to meaningless.

    Liked by 4 people

  6. Your Tour Guide says:

    Believe they were called “enterprise zones” around
    Atlanta. They set them up to great fanfare around the
    time of the Olympics. Carter’s Atlanta Project ( oh, the
    stories I could tell) was behind many of them.

    A few businesses were started, a whole lot of money
    was stolen. Need to have strict accounting factored in
    from the get go. With huge legal penalties for anyone
    cooking the books.

    Like

  7. rashomon says:

    I would like to hear Catherine Austin-FItts, who worked as Asst. Sec’y under Jack Kemp and had her fair share of concerns during his leadership, comment on this effort. Ristvan points out the major impediments to these zones: risky population where it’s dangerous to operate even if you are a member of that community.

    My limited experience with such efforts saw small start-up businesses robbed and terrorized out of business for not partaking in protection rackets, and bigger box stores were unable to attract suitable employees with “shortages” eating up profits..

    Liked by 2 people

    • Rami says:

      Would love to see something like this created in some of the depressed areas of say SW Virginia or East Tennessee. There are thousands of people in these areas that would love good, permanent jobs other than Walmart. Everyone seems to look at the inner cities to set up incentives for businesses/employers but pass over these areas.

      Liked by 1 person

  8. duchess01 says:

    REMARKS

    Remarks by President Trump at the Opportunity Zone Conference with State, Local, Tribal, and Community Leaders

    ECONOMY & JOBS
    Issued on: April 17, 2019

    https://www.whitehouse.gov/briefings-statements/remarks-president-trump-opportunity-zone-conference-state-local-tribal-community-leaders/

    Like

  9. decisiontime16 says:

    Carson to Lead Newly Created Council on Opportunity Zones

    https://www.housingfinance.com/policy-legislation/carson-to-lead-newly-created-council-on-opportunity-zones_o

    All the best to Secretary Carson…

    Liked by 1 person

    • wondering999 says:

      I agree with Ristvan above… the government is not going to be able to change broken depressed souls. And Secretary Carson won’t be able to bring religion into his job.

      Not a Seventh-Day Adventist — but I do agree with the following:
      https://www.adventist.org/en/vitality/education/
      “Adventists believe in developing physically, empathetically, socially and spiritually, too. Ideally, education should change and cultivate every aspect of our lives, bringing us that much closer to what God originally planned for us to have and to be….”

      Attended a parochial school as a non-Catholic and received 5 years of excellent education from Sisters of Mercy plus lay teachers (including my own mother, who taught some useful subjects for reduced tuition). The parochial school has been devastated by corruption within the Roman Catholic Church, yet there is still a need for excellent schools. Here’s praying that excellent schools will come to lift up inner city communities and fill the void left by departing Catholic orders

      Liked by 1 person

  10. CaptainNonno says:

    And who would benefit most from these efforts? Democrat ruined cities. That’s who! As mentioned, strict accounting of money movement is imperative . Democrats will steal every penny unless they are held to account.

    Like

  11. TreeClimber says:

    Thinking of the low income areas around me, my first reaction is “money straight down the drain.”

    Like

  12. jeans2nd says:

    Opportunity Zones were created with the Tax Cuts and Jobs bill, and HUD Sec Dr Ben Carson went to work. There are now nearly 4000 Opportunity Zones, and Sec Dr Ben is quite proud of them, and rightly so.

    Sec Dr Ben has been making the rounds of smaller venues, especially recently, talking up his Opportunity Zones. A good many of these Opportunity Zones are off the ground and making good progress.
    Sec Dr Ben has re-structured HUD, and HUD employees have found Sec Dr Ben to be a good boss.

    Would that Sec Dr Ben would have been included in Pres Trump’s presentation. mebbe nest time…

    Like

  13. GB Bari says:

    So given the number of pessimistic comments about President Trumps program, I haven’t seen the right question asked.

    What is President Trump and Secretary Carson doing differently than similar attempts by previous Administrations? I would be very interested to see if that specific question was asked and seriously addressed in the planning meetings before the program was launched.

    So far this President has a conspicuous record of NOT doing things the same way as those who preceded him.

    Liked by 2 people

    • Arrest Soros says:

      It’s the principle of the thing GB. It doesn’t matter what PDJT does differently.
      These types of “Special Zones” have been tried the World over many many times and have failed every single time for a simple reason.
      If these zones were profitable for PRIVATE ENTERPRISE to operate in, they would have done so already.
      Setting up tax concessions and providing seed money etc is just a form of corporate welfare and never ever works.

      The only thing that works and has been proven to work over and over is this….
      Clean up crime, and improve infrastructure. Then private enterprise will do the rest.

      Like

  14. all the speakers were great. especially Scott Turner. he looks ready to turbocharge Opportunity Zone investment and utilization.

    Like

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