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 of America
surface form: 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 and Enterprise Communities program
surface form: 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