White House Opportunity and Revitalization Council Created to Support Opportunity Zone Program

On December 12th, President Trump signed an Executive Order to create the White House Opportunity and Revitalization Council to provide coordinated support for Opportunity Zones across the federal government. The Council will be led by Housing and Urban Development Secretary Ben Carson and include representatives from 13 federal agencies.

Over 8,700 Opportunity Zones have been designated throughout the United States to spur investment in distressed communities. These zones—home to about 35 million Americans—could attract over $100 billion in private funding spurred by a federal tax incentive included in the Tax Cuts and Jobs Act.

The Council is tasked with ensuring that relevant federal programs sufficiently support the Opportunity Zone program and maximize its effectiveness. Specifically, over the next year, the Council will propose:

  • changes to federal policies to encourage public and private investment in Opportunity Zones and other distressed areas;
  • changes to federal policies that would help state, local and tribal governments more effectively harness federal resources in Opportunity Zones and other distressed areas; and,
  • best practices for making public and private investments in Opportunity Zones and other distressed communities.

In addition, the Council will determine how to best evaluate the Opportunity Zone program and the efficacy of the actions of the federal government to support Opportunity Zone-related investments.

 

New National Council of the American Worker Seeks Opportunities, Parternships for Worker Training

Amid concerns that the U.S. labor force doesn’t have the right skills to fill available positions in a variety of industries, President Trump recently signed an executive order to create the National Council for the American Worker. This new Council will be co-chaired by the Commerce and Labor Secretaries, along with the President’s Assistant for Domestic Policy and the Advisor overseeing the Office of Economic Initiatives. Membership will include other top Administration officials from a variety of agencies. The Council will develop a national workforce development strategy that outlines recommendations for how a variety of public and private sector entities can deliver needed education and skills-based training.

Several major companies participated in an event highlighting the executive order. Over two dozen companies committed to create a combined 3.8 million apprenticeships and training opportunities. At that event, President Trump noted that constantly changing technology and innovations make it necessary for today’s workers to continue building upon their education and skills well beyond any time spent in a classroom as a young adult. He noted that there are more than 6.7 million unfilled jobs that properly-trained workers could fill.

The administration hopes the initiative spurs partnerships between industry, educational institutions, governments, and other organizations to coordinate and develop additional training opportunities that can help Americans better secure well-paying jobs while addressing employers’ needs for highly-skilled workers.

Executive Order Establishing the President’s National Council for the American Worker

List of companies that have made the Pledge to America’s Workers

Check out our PREPARED Workbook Materials

Kathy Castagna, Senior Brownfields Advisor at Vita Nuova, Mark Lewis from CT DEEP, and Juliet Burdelski from the City of Meriden joined APA at the Southern New England APA Conference in Hartford, CT on October 19th to discuss the PREPARED Workbook and Workshop Process. This process was developed by the USEPA and its subcontractors and is designed to be a useful tool to enable municipalities and cities to successfully redevelop brownfield sites. Find out more about the PREPARED Process with our fact sheets below!

Creation of Opportunity Zones in the New Tax Law Will Spur Community Development

From Vita Nuova Member Kathy Castagna – 4/23/18

On December 22, 2017, President Trump signed the Tax Cut and Job Act, a $1.5 trillion tax cut bill, into law. The Investing in Opportunity Act is a $7.7 billion bipartisan provision that is part of the Tax Cut and Job Act. This provision seeks to bolster economically depressed areas across the United States by offering deferred taxes and significant tax breaks to those parties willing to sustain investment in low-income areas.

Read on here.

Looking Back at the Remarkable Economic Rebirth of Erie, Pennsylvania

In January of 2015, Dennis M. Davin was appointed as Secretary of the Department of Community and Economic Development by Pennsylvania Governor Tom Wolf. Prior to his appointment, Secretary Davin served for more than a decade as Director of the Allegheny County Department of Economic Development (ACED).

 

The October 15, 2017 issue of Revitalization News) had an article about Gannon University‘s $2.5 million investment in Erie’s downtown revitalization. Just a few months later, more good news arrived in the form of a $30 million investment by PennDOT.

Here, Davin looks back on the recent history of Erie’s remarkable rebirth, following decades of economic decline:

On the heels of a historic investment announcement in Erie, I am once again amazed at the innovation, imagination, and legendary can-do spirit found in this city.

With more than $32 million in new state funding for projects on the Erie Bayfront and throughout the city, we are proud to collaborate with other state agencies, federal agencies, and private investors to support the great projects happening there.

Read the full article here.