Sparking Community Revitalization
A child’s zip code should never determine her destiny; but today, the neighborhood she grows up in impacts her odds of graduating high school, her health outcomes, and her lifetime economic opportunities. The President is committed to partnering with local leaders to give them tools to rebuild their communities and put people back to work. It will take a collaborative effort — between private business and federal, state, and local officials; faith-based and non-profit organizations; kids and parents—to build the good schools, safe streets, and healthy homes that every family needs.
The President’s Promise Zones will provide tools to revitalize communities by attracting private investment, creating jobs, improving affordable housing, expanding educational opportunities, providing tax incentives for hiring workers and investing within the Zones, and partnering with local leaders to navigate Federal programs and cut through red tape.
Working with local leadership and Congress, the President is proposing to invest more than $750 million in hard-hit communities to provide a tax incentive to secure private investments that will help build homes and create jobs. The Administration will also align a number of its signature revitalization initiatives from the Department of Education, the Department of Housing and Urban Development, the Department of Commerce, the Department of Health and Human Services, the Department of Justice, and the Department for Agriculture in 20 communities hardest hit by the recession, to ensure that federal programs and resources are focused intensely on these “Promise Zones”. While Congressional action is needed to reach many more communities and authorize a tax incentive that would simulate private investment, the Obama Administration intends to use all of its flexibility to designate and support at least 20 communities in the next four years.
Communities will compete in a transparent process, including demonstrating the strength and effectiveness of their local commitment to become Promise Zones.
In each Promise Zone, the federal government will make available tools like:
Promise Zone Tax Incentives
The President’s proposal includes the Promise Zones tax credit (crafted on the proven model of Empowerment Zones tax credits), that would provide private businesses tax incentives for hiring and investing in Promise Zones, to create jobs and attract additional private investments.
Strong Cities, Strong Communities / Strike Force
Through Federal teams on the ground and specialized technical assistance, these partnerships help communities break down regulatory barriers, use existing funds more effectively, and implement their economic visions.
Promise Zones will be able to access investments that further the goals of job creation, additional private investment, increased economic activity, expanded educational opportunity, and reduction in violent crime. These could include the HUD Neighborhood Stabilization Program to rebuild vacant properties, and Rental Assistance Demonstration to unlock private investment in public housing. Designees will also receive competitive preference for the Administration’s signature place-based investments, including:
- Choice Neighborhoods (HUD): A redevelopment program that provides local leaders with tools to revitalize distressed public housing and concentrated poverty into vibrant, opportunity-rich neighborhoods.
- Promise Neighborhoods (ED): Based on the work of Geoffrey Canada at the Harlem Children’s Zone, Promise Neighborhoods builds a pipeline from the earliest ages of educational support services around a strong school environment, focused on the goal of high school graduation and college-going for every student.
- Byrne Criminal Justice Innovation (DOJ): Targets neighborhoods with persistent violent crime, focusing on hot spots of criminal activity, by employing cross-sector strategies that show evidence of impact in reducing violence.
Fact Sheet: The President’s Plan to Ensure Hard Work Leads to a Decent Living: http://www.whitehouse.gov/the-press-office/2013/02/15/fact-sheet-president-s-plan-ensure-hard-work-leads-decent-living
Learn more about Promise Zones:
- Promise Zone – HUD/U.S.
- Promise Zones Overview
- Federal Resources for Rural and Tribal Communities
- Promise Zones First Round Designees Fact Sheets: Strategy Goals, Zone Boundaries, Implementation Partners and Contact Information
- Certification Form and Guidance for Promise Zone Preference Points or Priority/Special Consideration
- 9/19/14 Launch of Second Promise Zone Competition to Create Economic Opportunity in High-Poverty Communities
- 4/28/15 Obama Administration Announces Eight Additional Promise Zones to Build Community Prosperity
- 6/6/16 Obama Administration Announces Final Round of Promise Zone Designations to Expand Access to Opportunity in Urban, Rural and Tribal Communities
- 11/16/16 Executive Order — Establishing a Community Solutions Council
- 11/16/16 FACT SHEET: Establishing a Council on Community Solutions to Align Federal Efforts with Local Priorities and Citizens’ Needs
More Aspects of Sparking Community Revitlization: