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President Trump Signs Executive Order Promoting Opportunity Zones

President Trump signed an executive order yesterday that allotted additional federal resources toward the Opportunity Zone program. Specifically, the Order establishes the White House Opportunity and Revitalization Council, chaired by Housing and Urban Development Secretary Ben Carson, which will help streamline applications for communities to qualify for the investments. The council will work towards identifying federal resources and regulations to allow agencies to coordinate with state and local officials, as well as the Opportunity Zones’ stakeholders, and will prioritize opportunity zones in a variety of federal efforts, including loan guarantees, grant funding, infrastructure spending and crime prevention.

Click here to read the Executive Order in its entirety.

© 2021 Foley & Lardner LLPNational Law Review, Volume VIII, Number 347
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About this Author

Manufacturing is not just coming back. It’s dramatically moving forward. At an astonishing speed, manufacturing and technology are converging, transforming 20th century assembly lines into highly innovative 21st century enterprise-wide systems with ever-shifting business partners, process improvements, cutting-edge technologies, and customer-mined preference data close at hand.

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