[Congressional Record Volume 164, Number 103 (Wednesday, June 20, 2018)]
[House]
[Page H5347]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   HIGHLIGHTING OPPORTUNITY ZONES IN NORTH CAROLINA'S FIFTH DISTRICT

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, I rise to highlight the recently designated 
opportunity zones in North Carolina's Fifth District. Last month, the 
U.S. Treasury approved 22 opportunity zones in North Carolina's Fifth 
District as part of the Tax Cuts and Jobs Act. Referring to areas with 
untapped economic potential, The New York Times called the provision 
``the first new substantial Federal attempt to aid those communities in 
more than a decade.''
  With new incentives for long-term capital investment, opportunity 
zones allow State and local governments to facilitate increased 
economic development in rural and suburban areas often overlooked for 
new investments as companies are drawn to thriving metropolitan areas.
  Thanks to the tax cuts and regulatory relief delivered by this united 
Republican government, the American economy is booming, and opportunity 
zones will spread that prosperity to communities in need of new capital 
to create wealth and grow.

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