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| Atlanta night skyline |
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| Shaun Donovan |
ATLANTA, GA (Sept. 17, 2013) — Invest Atlanta hosted U.S.
Housing and Urban Development Secretary Shaun Donovan at its offices
Tuesday for a roundtable discussion with Atlanta business leaders.
As part of President Barack Obama’s call to help the
nation’s middle class, HUD plans to create Promise Zones in 20 communities over
the next four years.
“I’m pleased that Atlanta has a seat at the table to discuss
ways to leverage federal support for our community revitalization work,” said Mayor
Kasim Reed.
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| Mayor Kasim Reed |
“The Promise Zones are a key element of President Obama’s
Ladders of Opportunity agenda and would be a significant boost to the city’s
ongoing efforts to attract private investment, improve affordable housing, and
improve educational opportunities.”
Under the Promise Zones initiative, the federal government
will invest and partner with distressed urban, rural and tribal communities to
create jobs, improve education and increase economic activity.
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| President Barack Obama |
“Invest Atlanta was honored to host Secretary Donovan during
his visit to Atlanta,” said Brian P. McGowan, CEO and President of
Invest Atlanta.
“The discussion was
centered around a potential new and innovative federal program called Promise
Zones designed to revitalize high-poverty neighborhoods by creating jobs and
attracting private investment.
“We are very supportive of this initiative and offered to
work with the Administration to expedite congressional approval so communities
can begin using these tools to create jobs now."
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| Brian P. McGowan |
The Promise Zones are also designed to give children a great
economic and educational start in life by improving the neighborhoods where
they live. There is an open competition among communities nationwide for
federal money to rebuild the middle class.
For a complete copy of the company’s news release, please
contact:
Nancy Johnson
The Wilbert Group
404-343-0886 (O)
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