HUD Announces Community Revitalization Initiative
Tucson will receive regulatory relief and tax breaks to help local businesses provide more jobs and promote community revitalization. HUD recently announced seven other Empowerment Zones in Pulaski County, Arkansas; Fresno, California; Jacksonville, Florida; Syracuse, New York; Yonkers, New York; Oklahoma City; and, San Antonio. Authorized by the 2000 Community Renewal Tax Relief Act, the new Empowerment Zones will use the power of public and private partnerships to build a framework of economic revitalization in areas that experience high unemployment and shortages of affordable housing.
Thanks to Abhijeet Chavan