Establishing the White House Opportunity and Revitalization Council

What it means

This order establishes the White House Opportunity and Revitalization Council to coordinate federal efforts supporting investment in economically distressed communities, particularly in "Opportunity Zones" created by the 2017 tax law. The Council aims to streamline regulations, optimize federal resources, and encourage public-private investments.

Expected impact

• Better coordination of federal resources across agencies, making it easier for communities and investors to access government support
• Potential regulatory reforms to reduce barriers to investment in economically distressed areas
• Increased private investment in Opportunity Zones through streamlined processes and improved federal support
• More targeted federal investments in underserved communities with high poverty rates
• Development of metrics to measure the effectiveness of investments in distressed communities