Trump Just Drops An Devastating ANNOUNCEMENT! Obama Is SHAKING In FEAR By THIS
thank you in a few moments I will sign an executive order launching a new White
House opportunity this is a very big thing that Tim and I and everybody have
been working on for a long time and revitalization council this council will
coordinate efforts across the entire federal government to deliver jobs
investment and growth to the communities that need it the most 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 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 were able to do that I'm thrilled to
announce that our new council will be led by secretary ben Carson who is here
with us today also with us is secretary Stephen minuchin and secretary Wilbur
Ross who will both serve on the council and play a critical role in its work the
council will focus its efforts on Opportunity Zones a crucial part of tax
cuts that we passed last year under our new tax cuts any distressed area that is
designated as an opportunity zone will receive massive incentives for private
sector investment including zero capital gains tax on any investment held for at
least ten years we're honored to be joined today by the person who led the
fight to include Opportunity Zones in the tax cuts and Jobs Act and that is
Senator Tim Scott thank you
we're also joined by Roger campus of the minority Business Roundtable
along with Jimmy Kemp thanks fellas appreciate it that's great
pastor Daryl Scott friend of mine for a long time Bishop Perry Jackson Harry
it's great and local officials from Baltimore Maryland Norfolk Virginia and
Allegheny County Pennsylvania for decades job growth and investment have
been concentrated in a few major metropolitan areas this has created a
geographic disparity have very big one in many cases where some cities have
thrived while others have suffered chronic economic and social hardship
with opportunity zones we're drawing investment into neglected and
underserved communities of America so that all Americans regardless of zip
code have access to the American dream governors know their local needs best
following the enactment of our tax law America's governors designated nearly
9,000 neighborhoods as opportunity zones from communities in the rural West
Virginia to suburban Arizona to inner-city Chicago the Treasury
Department has estimated that as a result of these tax incentives private
businesses will invest 100 billion dollars in Opportunity Zones and that
will be incredible this council will support communities like East Baltimore
where posture pastor Donte Hickman is helping lead a groundbreaking project in
the newly designated opportunity zone I'd like to invite pastor Hickman to say
a few words about today's initiative he's been an incredible leader a man of
faith and somebody that we all believe very strongly in pastor please
Thank You mr. president I am here today thanking you in advance for funding and
resources that you will direct to the urban and distressed communities like
Baltimore the executive order you signed today will make it possible for us to
work with your administration on a common goal of investing to restore
people as we rebuild properties in neglected communities 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 and was recently approved and adopted by the City Planning Department
of Baltimore our area has been federally designated as an opportunity zone and
this bipartisan legislation can leverage public and private funding towards
community revitalization your influence on federal agencies and private entities
through this executive order will enable distressed communities like Broadway
East and Baltimore to obtain investment needed to capitalize and bridge funding
gaps to create sustainable health wealth housing educational recreational grocery
and employment opportunities it will strengthen small emerging and other
businesses as well as enable financial support of historically black colleges
and universities like Wiley College in Marshall Texas where I attended 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
we look forward to working with your administration on rebuilding opportunity
in our urban communities that have suffered from disinvestment and
dilapidation for decades and we welcome you to come to Baltimore to see the
potential transformative impact of your leadership and investment through this
executive order thank you thank you pastor today we are also proud to be
joined by one of America's most admired business leaders the co-founder of the
television network BT Bob Johnson Bob please
Thank You mr. president I'm here to applaud you on two things one you may
not even know about but Tim Scott just recently your Department of Labor signed
a historic document that created something called Auto portability Auto
portability is designed to reduce retirement leakage among low income 401k
account holders who tend to cash out and mr. president you should know this 60
percent of African American Hispanic Americans cash out of their 401k account
when this program the policy that secretary Costa initiated along with my
company is implemented along with the big financial record keepers the
fidelity's the Vanguard's this program will put close to 800 billion dollars
back in the retirement pockets of minority Americans so I just want to
applaud you better now getting to the getting to the most
important thing most of all most of you probably know that I started be ET on a
half a million dollar loan from a guy named John Malone that $500,000 and that
John Malone put in to be et allowed me along with a lot of other minority
employees and others to build a four billion dollar business what this proves
is the época see mr. president of a program that allows capital to flow to
places where people are seeking an opportunity and I am convinced that this
program where the tax incentives flowing out of the Treasury Department to
business people will cause people to invest money where before they saw risk
now they will see opportunity and that combination of putting money into
communities will allow for those communities to become vibrant to become
safe to create ownership and most important to contribute to the
well-being of this country I'm a fundamental believer that there are
business solutions to social problems the opportunities our program is that
and I applaud you and Tim Scott particularly upon it thank you
thank you very much Bob under my administration we are fighting everyday
for all Americans African Americans and Hispanic American poverty rates have
reached their lowest levels ever recorded in the history of our country
african-american and Hispanic American unemployment have recently achieved the
lowest rates ever recorded african-american youth unemployment has
reached the lowest rate ever recorded that's pretty good Bob isn't it and
we're pretty good last year alone we lifted 1 million Americans out of
poverty which is a record we have launched a cutting-edge campaign to
provide skills and job training to nearly 6.5 million Americans we are
fixing disastrous trade policies that gutted middle class communities and we
are expanding real educational choice for our students as part of our
commitment to building safe and prosperous communities the Senate will
soon vote on our landmark criminal justice reform package that we've all
been working very hard on you have been working very hard on it
the first-step Act it's called this legislation will give former inmates and
nonviolent offenders the chance to become productive contributing law
abiding citizens but we have much more work to do the White House opportunity
and revitalization Council will drive our ambitious agenda and drive it very
very powerfully no citizen will be forgotten no community will be ignored
and no American will be left on the sidelines to achieve our national
destiny we all must unlock the potential of all of our people not just some of
our people together we will take our nation to new heights by realizing the
full promise of America for every citizen in our magnificent land with
that I would like to invite secretary ben Carson to the podium before I signed
the executive order I'd also like to ask Tim Scott to say a few words great
senator and then we'll sign thank you very much Ben first
well thank you mr. president for that introduction for all of you for joining
us today for this most important executive order signing 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% wages on the rise 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 during his inaugural address President Trump declared that the
Forgotten men and women of our country will be forgotten no longer it is
critical that every American shares in the gains of the past two years today
the president is establishing the white house opportunity and revitalization
Council through an executive order I'm pleased to chair this council consisting
of members across 13 agencies whose mission is to jumpstart the development
in urban and rural communities through the creation of opportunities zones
located in economically distressed communities across this country
opportunity zones are home to approximately 35 million Americans the
Department of Treasury estimates that the opportunity zone legislation could
attract over 100 billion dollars 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 we're nearly one in
three people live in poverty and unemployment is nearly twice the
national average too often new investments into
distressed communities are here today and gone tomorrow by offering incentives
that encourage investors to think in terms of decades instead of days
opportunity zones ensure that development is here today
and here to stay this long-term approach means that new growth becomes consistent
growth and new jobs become steady jobs the result is an innovative market and
place-based approach that creates a when when for investors and distressed
communities alike the council will help improve the efficacy of this process and
is ready to consider more than 150 actions to better target streamline and
coordinate federal programs and opportunities owns these are still early
days as in terms of the work of the council and Opportunity Zones but the
groundwork has been laid the seats the president has planted are growing and
the promise they hold to improve places long forgotten in the lives of those who
call these places home and with that I in fact senator Scott who was
instrumental in creating his owns after which time the president will perform
the deed I just want to take the time to thank the president for his hard work
and his dedication to people living in distressed communities as a kid who grew
up in a single-parent household mired in poverty living in one of these
distressed communities on the first hand the value of hope being brought into
communities under this administration mr. president under your leadership what
we've seen happen in the last several months is unprecedented
you could think first about Opportunity Zones but you and I had a conversation
about the zones over a year and a half ago you immediately jumped on board and
took the lead and because of your leadership opportunities owns that will
help distress communities over 8,700 throughout this country is a reality the
average poverty rate in those zones are 31% because of your leadership because
of your foresight in your vision we now see hope defending on these zones number
two you think about what Bob Johnson spoke
about the ability to positively impact retirement security and communities of
color has increased because of your proactive stance on keeping those
dollars in retirement accounts number three we think about the power of
Education the greatest chasm in this nation is caused by two primary issues
one is family formation we can't do much about that in government but number two
is education your focus sir is changing lives
that you may never meet but it's happening every single day in America
and finally your strong advocacy for criminal justice reform to come to the
floor of the United States Senate with without any questions without your
leadership our Senate would not have made the decision to take it up in 2018
so when it passes the credit starts at the White House and starts with
President Donald
thank you god bless you and God bless america
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