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8/10/93-
Congress enacts the Omnibus Budget Reconciliation Act of 1993
(OBRA 1993, P.L. 103-66), which established the EZ/EC Initiative's
eligibility criteria, designation procedures, and benefits.
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12/21/94-
Round I results are announced. There are 6 urban EZs, 2 Supplemental
EZs (SEZs), 4 Enhanced Enterprise Communities (EECs) and 66
ECs.
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7/25-26/95-
White House Community Empowerment Conference held in Washington,
DC.
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7/26/95-
HUD EDI/108 Funds Awarded to 2 SEZs (Los Angeles/Cleveland)
and 4 EECs (Boston, Oakland, Kansas City & Houston)
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2/21-23/96-
White House Community Empowerment Conference held in Washington,
DC
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4/14-16/97-
White House Community Empowerment Conference held in Detroit,
MI
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8/7/97-
Taxpayer Relief Act of 1997 authorizes the designation of fifteen
new Urban Empowerment Zones and five new Rural Zones
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4/16/98-
Vice President announces the EZ Round II competition at the
annual meeting of the National Conference of Black Mayors in
New Orleans, Louisiana
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4/16/98-
Federal Register publishes the Round II Regulations (Rule and
Notice Inviting Applications) which govern the competition.
HUD also issues 6 technical assistance publications to assist
potential applicants (Application Forms, Application Guide,
Strategic Planning Guide, Performance Measurement System Guide,
Federal Programs Guide, What Works in EZ/ECs). Over 10,000 Round
II technical assistance publications are distributed to potential
applicants.
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4/17/98-
HUD begins a series of ten regional Round II Technical Assistance
Workshops to assist potential applicants. Over 1,200 people
attend the workshops.
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4/17-
Columbus, Ohio
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4/20-
Memphis, Tennessee
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4/24-
Houston, Texas
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4/27-
Kansas City, Missouri
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5/4-
Denver, Colorado
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5/7-
Providence, Rhode Island
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5/12-
Washington, DC
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5/18-
Long Beach, California
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5/20-
Seattle, Washington
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5/28-
Newark, New Jersey
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7/14
- 16/1998-
Vice President and HUD Secretary host White House Community Empowerment
Conference in Washington, DC to assist Round II applicants. Over
2,200 people attended the Conference.
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10/98-
The omnibus budget agreement passed by Congress contains $45 million
in HUD funding for the 15 new Empowerment Zones.
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12/31/98-
HUD designates 15 new Urban Empowerment Zones.
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1/13/98-
Vice President, HUD Secretary and USDA Secretary announce the
20 (15 urban/5 rural) Round II Empowerment Zones.
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5/23
- 27/99- White House Community Empowerment Conference held
in McAllen, TX, The Rio Grande EZ is the host.
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6/27
- 29/2000- White House Community Empowerment Conference was
held in Columbus, Ohio. The conference, held under the theme "Investing
in America's Communities," attracts more than 1,400 registrants
and 60 exhibitors.
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12/21/00
- Congress passes the Community Renewal Tax Relief Act of 2000,
which authorizes 28 urban and 12 rural Renewal Communities (RCs)
as well as a Round III of 7 new urban and 2 rural Empowerment
Zones (EZs). The designations of these RCs and EZs will be effective
from January 1, 2002 through December 31, 2009. The CRTR Act extends
the designation periods of the Round I and II Empowerment Zones
through December 31, 2009.
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06/01
- HUD's RC/EZ/EC office holds free 2-day technical assistance
workshops in Boston, Knoxville, Minneapolis, Ft. Worth and Long
Beach for communities interested in applying for RC and Round
III EZ designation.
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12/31/01
- HUD designates 40 Renewal Communities (28 in urban areas and
12 in rural areas) and 8 urban Round III Empowerment Zones.
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5/19-22/2002
- HUD holds Community Renewal Implementation Conference at Ronald
Reagan International Center in Washington, DC to provide valuable
technical assistance to representatives of new Renewal Community
and Empowerment Zone designees.
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5/2003
- HUD's Office of Community Renewal conducts 2-day tax incentive
workshops for small business owners, accountants, community development
representatives, and RC/EZ directors in Jacksonville, Florida;
Memphis, Tennessee; and Tucson, Arizona. Former Secretary Mel
Martinez, White House economists, a Washington, DC-based tax attorney,
and hundreds of attendees participate in these events.
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10/2003
- HUD's Office of Community Renewal conducts a 2-day tax incentive
workshop for small business owners, accountants, community development
representatives, and RC/EZ directors in Costa Mesa, California.
A White House economist, a Washington, DC-based tax attorney,
guest-speaking presidents of community development banks, and
hundreds of attendees participate in this event.
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11/2003
- HUD's Office of Community Renewal conducts a 2-day tax incentive
workshop for small business owners, accountants, community development
representatives, and RC/EZ directors in Philadelphia, Pennsylvania.
A White House economist, a Washington, DC-based tax attorney,
guest-speaking presidents of community development banks, and
hundreds of attendees participate in this event.
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12/31/04
- The 10-year designation periods expire for the Round I urban
and rural Enterprise Communities that HUD and USDA designated
in 1994.
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8/4/05
- HUD and the Community Development Financial Institutions Fund
of the Department of Treasury co-hosted a satellite TV broadcast
on the $15 billion New Markets Tax Credit program, which is funneling
sorely-needed development capital into Renewal Communities, Empowerment
Zones, and other distressed communities. For more information
on this broadcast and on the New Markets Tax Credit program, visit
http://www.hud.gov/offices/cpd/economicdevelopment/programs/rc/about/newmarkets.cfm
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2/27/06 - HUD and IRS host a webcast on the $19 billion package
of Renewal Community, Empowerment Zone and Gulf Opportunity Zone
tax incentives. This webcast is available at http://www.hud.gov/webcasts/archives/community.cfm
for viewing anytime after February 27, 2006. In this broadcast,
IRS experts provide detailed information and answer questions
on these tax incentives, which include employment credits, increased
tax deductions, Commercial Revitalization Deductions, low-interest
loans through Enterprise Zone facility bonds, 0% tax provisions
on capital gains, bonus depreciation incentives, and other incentives.
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10/11/07 - HUD and IRS host a webcast on the $11 billion package of Renewal Community and Empowerment Zone tax incentives. This webcast is available at http://www.connectlive.com/events/hud101107/ for viewing anytime. In this broadcast, IRS experts provide detailed information, answer questions, and provide updated information on these tax incentives, which include employment credits, increased tax deductions, Commercial Revitalization Deductions, a 0% tax provision on capital gains, and other incentives. Please send an e-mail to OCRTaxCredit@hud.gov if you would like to receive the set of PowerPoint slides featured in the webcast.
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