Obama to unveil first 5 'Promise Zones'

Obama to unveil first 5 'Promise Zones'

Credit: Associated Press

President Barack Obama makes a statement on the Internal Revenue Service's targeting of conservative groups for extra tax scrutiny in the East Room of the White House in Washington, Wednesday May 15, 2013. The president spoke after discussing the IRS matter with Treasury Secretary Jacob Lew and his top deputy, Neil Wolin. (AP Photo/Pablo Martinez Monsivais)

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by Associated Press

kvue.com

Posted on January 9, 2014 at 8:50 AM

Updated Thursday, Jan 9 at 4:27 PM

WASHINGTON (AP) -- President Barack Obama is announcing ways the federal government can help economically challenged communities through five new "Promise Zones."

Obama was to discuss the zones Thursday during a White House event. It's part of his effort to focus on income inequality in the lead-up to his State of the Union address this month.

The White House says tax incentives and grants can help communities tackle poverty, giving children better chances at success. By applying federal funding in targeted areas, Promise Zones aim to bolster education, access to housing and crime-reduction programs.

Obama first announced the initiative during last year's State of the Union but is just now revealing the first zones to be selected. They're in San Antonio, Philadelphia, Los Angeles, southeastern Kentucky and the Choctaw Nation of Oklahoma.
 

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