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Posted by: thepinetree on 12/13/2018 09:06 AM Updated by: thepinetree on 12/13/2018 09:17 AM
Expires: 01/01/2023 12:00 AM
:

President Trump at Signing of an Executive Order Establishing the White House Opportunity and Revitalization Council

Washington, DC....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.




There are zones in our coverage area that qualify for the 10 year capital gains tax deferment in the 2017 tax bill. Clicking on the above map will give you a larger PDF copy where you drill down for potential investment areas.




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 we’re able to do that.

I am thrilled to announce that our new council will be led by Secretary Ben Carson, who is here with us today. Let’s see, where is our Ben? (Applause.)

Also with us is Secretary Steven Mnuchin 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 10 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. Thank you, Tim. (Applause.)

We’re also joined by Roger Campos of the Minority Business Roundtable, along with Jimmy Kemp. Thanks fellas. Appreciate it. That’s great.

Pastor Darrell Scott, a friend of mine for a long time. Where’s Darrell?

PASTOR SCOTT: Right here. (Laughter.)

THE PRESIDENT: Hi, Darrell. Darrell. Bishop Harry Jackson — Harry, that’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 — a very big one, in many cases — where some cities have thrived, while others have suffered chronic economic and social hardship.

With Opportunity Zones, we are 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 in Opportunity Zones. And that will be incredible.

This Council will support communities like East Baltimore, where Pastor Donté 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.

PASTOR HICKMAN: 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 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 in 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.

THE PRESIDENT: Thank you very much. (Applause.) 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, BET, Bob Johnson. Bob, please. Hi, Bob. (Applause.) How are you? Nice to see you.

MR. JOHNSON: Thank you, Mr. President. I’m here to applaud you on two things. One, you may not even know about but Tim Scott does.

THE PRESIDENT: Good.

MR. JOHNSON: 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 401(k) account holders who tend to cash out. And, Mr. President, you should know this: Sixty percent of African American and Hispanic Americans cash out of their 401(k) account.

When this program — the policy that Secretary Acosta initiated along with my company — is implemented, along with the big financial record keepers — the Fidelities, the Vanguards — this program will put close to $800 billion back in the retirement pockets of minority Americans. So I just want to applaud you for that. (Applause.)

Now, getting to the — getting to the most important thing, most of all — most of you probably know that I started BET on a half-a-million-dollar loan from a guy named John Malone. That $500,000 in — that John Malone put into BET allowed me, along with a lot of other minority employees and others, to build a $4 billion business.

What this proves is the efficacy, Mr. President, of a program that allows capital to flow to places where people are seeking out 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 wellbeing of this country.

I’m a fundamental believer that there are business solutions to social problems. The Opportunity Zone program is that. And I applaud you and Tim Scott for taking the leadership on it. Thank you.

THE PRESIDENT: Thank you, Bob. That’s very nice. Thank you. Appreciate it. Thank you. (Applause.) Thank you very much, Bob.

Under my administration, we are fighting every day 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? Right? 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 giver former inmates and non-violent 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 sign 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.

SECRETARY CARSON: Well, thank you, Mr. President, for that introduction and 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 percent. 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 Opportunity 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 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 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 win-win 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 Opportunity Zones.

These are still the early days, in terms of the work of the Council and Opportunity Zones, but the groundwork has been laid. The seeds the President has planted are growing, and the promise they hold to improve places long forgotten and the lives of those who call these places home. And with that, I invite Senator Scott, who was instrumental in creating the Zones, after which time the President will perform the deed. (Applause.)

SENATOR SCOTT: 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 the kid who grew up in a single-parent household, mired in poverty, living in one of these distressed communities, I know firsthand 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 can think first about Opportunity Zones. When 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, Opportunity Zones that will help distressed communities — over 8,700 throughout this country — is a reality.

The average poverty rate in those Zones are 31 percent. Because of your leadership, because of your foresight and your vision, we now see hope descending on these Zones.

Number two, when you think about what Bob Johnson spoke about, the ability to positively impact retirement security in communities of color has increased because of your proactive stance on keeping those dollars in retirement accounts.

Number three, when you 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.

THE PRESIDENT: Right.

SENATOR SCOTT: 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. (Applause.) Without any question, 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 Trump.

THE PRESIDENT: Thank you.

SENATOR SCOTT: Thank you. (Applause.)

THE PRESIDENT: Thank you very much, Tim.

(The executive order is signed.) (Applause.)

This is a great thing. (Applause.) Thank you everybody.

END


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2018-12-13 10:35:08   By: Anonymous
 
So impressed, this man is a absolute genius. If people would just let him do his job. Seems folks have to much time to bad mouth him. These folks need to concentrate on doing as good at their own jobs. If they have one!!!!

[Reply ]

    HAHAHAHAHAHAHAHA!!!
    Posted on: 2018-12-13 11:45:54   By: Anonymous
     
    HAHAHAHAHAHAHAHA!!! LYING, CHEATING, CROOKED HILLARY!!! HAHAHAHAHAHAHAHA!!!


    [Reply ]

      Re: HAHAHAHAHAHAHAHA!!!
      Posted on: 2018-12-13 12:02:23   By: Anonymous
       
      Yes I agree with that because according to statistics the part of Calaveras count y which is green IS the most poverty stricken area. From what I understand one of the major industries in the area (West Point, etc) was logging and of course that shut down or almost down to nothing. Then there was the fire. Then there was a majority of marijuana growers of the county there (of course some folks were desperate to make some kind of income). So that is really great of our president to do this for our county. Yes lets improve the situation in that area-an encouragement of more businesses there (more productive businesses that is) and also more jobs-full time jobs and not seasonal hopefully! thank you

      [Reply ]

        Re: HAHAHAHAHAHAHAHA!!!
        Posted on: 2018-12-13 12:24:28   By: Anonymous
         
        Jobs and industry should be going in Valley Springs and Copperopolis. The roads and infrastructure just are not there in West Point. We also should not be promoting more building in the larger fire danger area of the Calaveras Up-Country.

        [Reply ]

          Re: HAHAHAHAHAHAHAHA!!!
          Posted on: 2018-12-13 13:21:39   By: Anonymous
           
          Right everyone, the man is a genius, so unappreciated. LOL.

          On the other hand just Google "idiot" and the results will give you Trump.

          [Reply ]

            Re: HAHAHAHAHAHAHAHA!!!
            Posted on: 2018-12-13 15:41:21   By: Anonymous
             
            A VERY MUELLER CHRISTMAS:

            DONNIE JR. IN HANDCUFFS. HAHAHAHAHAHAHA!!!!!!!

            JARED IN HANDCUFFS. HAHAHAHAHAHAHA!!!!!!!!

            IVANKA IN HANDCUFFS. HAHAHAHAHAHAHA!!!!!!!!!!!!

            TRUMP HAS LOST IT!!!!! HAHAHAHAHAHAHAHA!!!!!!!!!!!!!!

            [Reply ]

              Re: HAHAHAHAHAHAHAHA!!!
              Posted on: 2018-12-14 10:59:06   By: Anonymous
                Edited By: thepinetree
              On: 2018-12-14 21:02:21


              [Reply ]

            Re: HAHAHAHAHAHAHAHA!!!
            Posted on: 2018-12-13 16:25:44   By: Anonymous
             

            Former FEC Commissioner: Trump Did Not Violate Campaign Finance Laws

            Former FEC Commissioner Hans Von Spakovsky debunked the argument that President Donald Trump broke campaign finance laws by paying women he allegedly had affairs with prior to becoming president.
            The president’s former lawyer, Michael Cohen, was sentenced to three years in jail on Wednesday for a litany of crimes, including making an illegal campaign contribution amounting to $130,000 to Stormy Daniels, who alleges she slept with Trump in 2006, so she would keep quiet about the affair.
            Despite the guilty plea, Spakovsky said that Trump should not be worried because it would have to be a “campaign-related expense” for the contribution break any campaign finance laws.
            He also pointed out that the only other time the Justice Department tried to say payments like these were campaign-related expenses was with John Edwards. Donations to Edwards’ campaign actually went to paying his mistress, a woman who worked for the campaign and ended up having his child. (RELATED: Trump Hits Back At Michael Cohen, Justice Department Claims)
            A jury, however, ruled that Edwards’ donations were not a campaign-related expense.
            Spakovsky went on to say that Trump has nothing to worry about and that the U.S. attorney’s office is being “overly aggressive” in their pursuit of the matter.


            [Reply ]

            Re: HAHAHAHAHAHAHAHA!!!
            Posted on: 2018-12-14 08:27:16   By: Anonymous
             

            The only reasons the Liberal Socialist Democrats refuse to fund the wall is because they hate Trump and our country. They are traitors to their oath to defend and protect the Constitution.
            #MAGA2020
            #RemoveAllDemocrats2020
            #NeverVoteDemocrat
            #RemoveEveryRino2020
            #RemoveAllSocialists2020


            [Reply ]

          Family portrait.
          Posted on: 2018-12-13 15:13:57   By: Anonymous
           
          Donald enjoying some Family-time with his 7 black brothers and his Asian sister.

          [Reply ]

        Re: HAHAHAHAHAHAHAHA!!!
        Posted on: 2018-12-13 12:25:06   By: Anonymous
         
        Dump guilty of 2 felonies so far, many more coming.
        He is worried he will be impeached , still can't find anyone for Chief of Staff position, no one wants to work for the orange terd.
        HAHAHAHAHAHAHAHA!!!

        [Reply ]

        Re: HAHAHAHAHAHAHAHA!!!
        Posted on: 2018-12-13 13:24:58   By: Anonymous
         
        What you don't seem to understand is that one of top employers of the county, particularly in the areas you mention, is government services - the ones providing handouts to the un- and underemployed. It's a given that they would work at keeping their statistics and program needs and place - and why more in need would flock there.

        [Reply ]

        Re: HAHAHAHAHAHAHAHA!!!
        Posted on: 2018-12-13 17:33:52   By: Anonymous
         
        Opportunities in Calaveras? Let's see... first we shut down expanded growth through groups like whatever their official name was but basically notinmybackyard.com then the cannabis industry and that just in the past dozen years. We don't like change but are always left guessing why we somehow lost out. Predictable and sad. And why we will always be a poor county.

        [Reply ]

      Re: HAHAHAHAHAHAHAHA!!!
      Posted on: 2018-12-13 14:17:05   By: Anonymous
       
      HAHA BOY TROLL HAHAHA!!!!!
      CROOKED,LYING,CHEATING IVANKA HAHAHA!!!!!

      [Reply ]

    Re:
    Posted on: 2018-12-13 17:36:58   By: Anonymous
     
    If only, all the motor mouths could concentrate on their job and let Trump do his job. Problem is the motor mouths don't have a job. To much free time. These folks are America's only issue.....

    [Reply ]

      Re:
      Posted on: 2018-12-13 20:14:42   By: Anonymous
       
      What is Trumps job exactly, corruption, money laundering, lying to the American people
      He is good at those things
      Just nothing else
      The inbreds that post her are a joke and so is YOUR President

      [Reply ]

        Re:
        Posted on: 2018-12-13 20:32:33   By: Anonymous
         
        No we aren't, and no he isn't.

        [Reply ]

          Re:
          Posted on: 2018-12-13 20:41:15   By: Anonymous
           
          YEAH!

          [Reply ]

No Subject
Posted on: 2018-12-13 13:19:54   By: Anonymous
 
Pay no attention to the stock market tanking, fed borrowing rates going up probably next week and global market concerns. I will help you sort of. (Now visualize the wizard behind the Oz curtain.)

[Reply ]

    Re:
    Posted on: 2018-12-13 14:00:28   By: Anonymous
     
    My favorite opportunity zone is right below Dennis mills mustache...

    [Reply ]

No Subject
Posted on: 2018-12-13 13:22:31   By: Anonymous
 
Love the spin. "Qualified Opportunity Zones." More like shiz hole places that no body wants to with move to and little economic opportunity but retain a GOP majority because of reasons no one can quite fathom outside of lack of education or maybe thinking the GOP is still your father's party.

[Reply ]

    Re:
    Posted on: 2018-12-13 13:30:44   By: Anonymous
     
    "Pizza-Gate".

    [Reply ]

No Subject
Posted on: 2018-12-13 13:28:03   By: Anonymous
 
Hey I know, let's sign a bill to distract the sheeple from the Mueller investigation and indictments!

[Reply ]

    Re:
    Posted on: 2018-12-13 13:28:54   By: Anonymous
     
    Okay, so long as you promise to stay off of Twitter for a day or two. (Wait, that happened.) ;)

    [Reply ]

president Bone Spurs
Posted on: 2018-12-13 14:21:16   By: Anonymous
 
Putin’s puppet porn president can’t run the Bone Spurs slow him down!!!!
HAHAHAHA!!!!!
LOCK
HIM
UP
HAHAHAHAHA!!!!!

[Reply ]

Green areas:
Posted on: 2018-12-13 20:29:46   By: Anonymous
 
Bad pizza.

[Reply ]

    Re: Green areas:
    Posted on: 2018-12-13 21:36:10   By: Anonymous
     
    Remarkably true.

    [Reply ]

      Re: Green areas:
      Posted on: 2018-12-14 06:28:55   By: Anonymous
       
      I think a certain generation never got spanked by their parents and then their kids never got spanked! That's what's wrong with some of these people!

      [Reply ]

        Re: Green areas:
        Posted on: 2018-12-14 06:37:00   By: Anonymous
         
        What an ignorant comment.

        [Reply ]

          Re: Green areas:
          Posted on: 2018-12-14 08:07:54   By: Anonymous
           
          On the contrary. I think you're ignorant and probably one of those "people."

          [Reply ]

            Re: Green areas:
            Posted on: 2018-12-14 10:03:27   By: Anonymous
             
            Steven r smith just admits he laughs at himself. Yet doesn't realize he's the joke. Wow, steven you really did over indulge. Drugs are bad, don't turn out like stevie kids unless you want to be an old loser trolling the internet stalking people and looking forward to countless lonely hours sitting at perkos. While wasting actual tax payer money calling the police department to report a brown person that looks suspicious. Racist peice of crap.
            Report yourself for once. Thank you

            [Reply ]

              Re: Green areas:
              Posted on: 2018-12-14 10:11:00   By: Anonymous
               
              Pot people steven? Why are you living in a state where "pot" is legal? Let alone complain about it you dumb cry baby. No one is forcing you to live in california or what can't afford to bring the roommates with you let alone drive hourself elsewhere. Lol
              Dying breed, minority not majority hahahahahahahaha cry on loser.

              [Reply ]

                Re: Green areas:
                Posted on: 2018-12-14 10:59:54   By: Anonymous
                  Edited By: thepinetree
                On: 2018-12-14 21:01:26


                [Reply ]

                  Re: Green areas:
                  Posted on: 2018-12-15 21:04:37   By: Anonymous
                   
                  It’s kind of sad to think the Donald will not be able to tweet from prison.

                  [Reply ]

                    Re: Green areas:
                    Posted on: 2018-12-15 21:06:29   By: Anonymous
                     
                    And will not be able to keep his fake yellow hair.

                    [Reply ]

                      Re: Green areas:
                      Posted on: 2018-12-15 21:10:14   By: Anonymous
                       
                      But just maybe, there will a tanning bed he could use.

                      [Reply ]

                Re: Green areas: "pot people"
                Posted on: 2018-12-16 11:46:15   By: Anonymous
                 
                And you need to have respect for your elders. I do not choose to leave California or Calaveras and I'm sure the "tides are gong to turn" in regards to the legal pot and commercial cultivation. A lot of people are getting sick of it! Some of you younger generation people apparently were asleep in high school when you were in U.S. history and civic classes-probably fell through the cracks of the system and they gave you a diploma anyway! We are talking about TRADITION and respect for your country and the sacrifices of many lives made for our freedom whether it means Calaveras County, or California, or America as a whole! So screw all you libtards and your crazy ideas! I don't know what the other adjoining counties think of this (the Pine Tree coverage I think 4 counties) but we don't want or need cannabis cultivation in Calaveras County! It's already caused enough problems. Additionally Grey Power is alive and we will prevail! We're NOT a bunch of racist, old fuddy duddies or ignorant hillbillies like you think a lot of us are and we weren't born yesterday either! And may I add if there is ever a break down in the "grids" or infrastructure, some of you people will be running back home crying for mommy and couldn't fight your way out of a wet paper bag! If there is such a fiasco, some of you will be so stoned you wouldn't know what hit you and not even be prepared! Ask your antecedents (hypothetically if they were alive) what it was like to live in the Depression!

                [Reply ]


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