Renewal Communities program

E331265

The Renewal Communities program was a federal initiative that used tax incentives and other economic tools to stimulate investment, job creation, and revitalization in designated low-income urban and rural areas in the United States.

All labels observed (1)

Label Occurrences
Renewal Communities program canonical 1

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf United States tax incentive program ⓘ
federal economic development program ⓘ
administeredBy United States Department of Housing and Urban Development ⓘ
aimsTo encourage long-term investment ⓘ
expand employment opportunities ⓘ
reduce poverty in distressed neighborhoods ⓘ
appliesTo low-income rural areas ⓘ
low-income urban areas ⓘ
approach market-based incentives ⓘ
public-private partnerships ⓘ
benefitType capital gains tax incentives ⓘ
commercial revitalization deductions ⓘ
employment tax credits ⓘ
increased expensing for business property ⓘ
country United States ⓘ
designationType place-based ⓘ
focus business investment ⓘ
economic revitalization ⓘ
job creation ⓘ
fundingMechanism foregone federal tax revenue ⓘ
goal create jobs ⓘ
revitalize distressed communities ⓘ
stimulate private investment ⓘ
implementedThrough designation of Renewal Community zones ⓘ
involves community-based organizations ⓘ
local government participation ⓘ
private sector participation ⓘ
legalBasis Community Renewal Tax Relief Act of 2000 ⓘ
levelOfGovernment federal ⓘ
policyArea community development ⓘ
rural development ⓘ
urban policy ⓘ
policyType place-based anti-poverty policy ⓘ
relatedTo Empowerment Zones program ⓘ
Enterprise Communities program ⓘ
selectionCriteria economic distress indicators ⓘ
poverty rate ⓘ
unemployment rate ⓘ
targetPopulation residents of designated low-income areas ⓘ
targetSector commercial real estate development ⓘ
small businesses ⓘ
timePeriod early 21st century ⓘ
usesTool economic development incentives ⓘ
federal tax incentives ⓘ
regulatory relief ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Community Renewal Tax Relief Act of 2000 → createdProgram → Renewal Communities program ⓘ