The Latest: Trump order boosts Opportunity Zones program
WASHINGTON (AP) — The Latest on the Opportunity Zone program (all times local):
2:45 p.m.
President Donald Trump is signing an executive order that will engage 13 federal agencies to aid the Opportunity Zones program targeting development in distressed American communities. The program is part of the 2017 tax reform law, offering tax benefits for developers and investors to build in long-neglected areas.
The order establishes the White House Opportunity and Revitalization Council, which will work to identify federal resources and regulations allowing agencies to coordinate with state and local officials and the zones' stakeholders.
Trump hailed the order as a way for all U.S. communities to "share in prosperity.