The President has a $100 billion initiative to deliver growth in urban communities
With constant talk of impeachment and the Michael Cohen sentencing from the left-leaning media, it would seem that they overlook anything positive the president does, oh wait, they do.
The President has a $100 billion initiative to deliver growth in urban communities through the Opportunity and Revitalization Council.
“With the creation of today’s council, the resources of the whole federal government will be leveraged to rebuild low-income and impoverished neighborhoods that have been ignored by Washington in years past,” the president announced at a Wednesday event in the Roosevelt Room of the White House.
“Our goal is to ensure that America’s great new prosperity is broadly shared by all of our citizens. Our country is doing better than ever, economically, and was able to do that.”
The council will be led by Ben Carson, commander of the Department of Housing and Urban Development.
“Today, the nation’s unemployment rate is at a 49-year low. Jobless rates among African-Americans down to a record low of 5.9 percent. Wages on the rise,” Carson said.
“While we can all be proud of these achievements, one challenge has remained: There are still communities in our country that have seen little or no new investment in generations.”
According to the Baltimore Sun, the new program will offer opportunities on capital gains taxes to investors in distressed zones — obviously a massive boost to predominately black and minority neighborhoods, which are still lagging in signs like wage growth.
The WJ reports: The opportunity zones, Carson said, “are home to approximately 35 million Americans.
The Department of Treasury estimates that the Opportunity Zone legislation could attract over $100 billion in private investment, which will go a long way to spur on jobs and economic development.
“This kind of medicine is precisely what a doctor would prescribe to heal communities where nearly 1 in 3 people live in poverty, and unemployment is near twice the national average.”
Pastor Donté Hickman, who the president said is “helping lead a groundbreaking project in the newly designated opportunity zone,” praised the initiative.
President Trump just announced an urban revitalization council, that will produce $100 billion in capital for urban areas from Arizona to Baltimore.
Cities ruined by democrat failures will now get the help they need.
— Adrian Norman (@madriannorman) December 13, 2018
“As pastor of the Southern Baptist Church, and through our Mary Harvin Transformation Center Community Development Corporation, in partnership with other faith-based stakeholder institutions, developed the East Baltimore Revitalization Plan, addressing development needs of over 100 acres just north of Johns Hopkins Hospital,” Hickman said.
“Mr. President, I want you and every agency and potential investor to know that in Baltimore — and in particular, Broadway East, Baltimore — that we have the plan, we have the property, we have the people, we have the professional expertise, and we have the prospectus to jumpstart your urban initiative. Baltimore is prepared to be a demonstration project for a national urban revitalization strategy.”
No news anywhere about this?
The New York Times had a relatively short (at least for them) piece about it.
Vox, with the predictability of the monsoon season returning to India, covered the story like this:
“Ivanka Trump reportedly advocated for a tax break she and Jared Kushner could profit from.” See, because they’re in real estate, and this could help real estate.
There was undoubtedly coverage to be had, mind you, but it wasn’t front page stuff — and try to find it on CNN or MSNBC.
At some level, so-called objective news outlets have to cover the full spectrum of stories.
That’s all conservatives ask. And, even with that low bar, we’re always disappointed.