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Tax Cuts and Jobs Act Creates Opportunity Zones to Spur Investment in Underserved Areas

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The following is a cross-post from the U.S. Minority Business Development Agency (MBDA) Opportunity Zones are a tool created by the Tax Cuts and Jobs Act of 2017 to spur investment on underserved areas. They offer investors a tax incentive by investing their unrealized capital gains into a designated “Opportunity Fund.” Did you know that there are $2.3 trillion of unrealized capital gains in the...

The Tax Cuts and Job Act: New Low Taxes and New Investments to Distressed Communities

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Today marks the first Tax Day under the new President Trump Tax Code, this massive tax cut benefits everyday working families and supports American businesses. In 2018, Americans started benefiting from the President’s Tax Cuts and Jobs Act as their take-home pay increased due to a lower tax burden and companies large and small passed the benefits of the business tax cuts on to their employees in...

Commerce Secretary Wilbur Ross Presents Five Organizations with Malcolm Baldrige National Quality Award

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The following is a cross-post from the National Institute of Standards and Technology (NIST) Noting that this year's winners “are held in highest esteem in your communities and, now, in our nation," U.S. Secretary of Commerce Wilbur Ross presented five U.S. organizations on April 7, 2019, with the Malcolm Baldrige National Quality Award, the nation's only presidential award for performance...

Secretary Ross Addresses White House Opportunity and Revitalization Council

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U.S. Secretary of Commerce Wilbur Ross participated in this week’s White House Opportunity and Revitalization Council meeting hosted by President Donald Trump. During the council meeting, Secretary Ross highlighted the innovative steps taken by the U.S. Department of Commerce to encourage private investment in Opportunity Zones. He shared how the Economic Development Administration and Minority...

Spotlight on Commerce: Jessica Falk, Area Director, Austin Regional Office, Economic Development Administration

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Ed. note: This post is part of the Spotlight on Commerce series highlighting the contributions of Department of Commerce employees during Women’s History Month. Guest blog post by Jessica Falk, Area Director, Austin Regional Office, Economic Development Administration I am an Area Director with the Economic Development Administration’s Austin Region Office and oversee the grant portfolio for...

Spotlight on Commerce: Lucia Foster, Chief Economist and Chief of the Center for Economic Studies, U.S. Census Bureau

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Ed. note: This post is part of the Spotlight on Commerce series highlighting the contributions of Department of Commerce employees during Women’s History Month. Guest blog post by Lucia Foster, Chief Economist and Chief of the Center for Economic Studies, U.S. Census Bureau As chief economist of the U.S. Census Bureau and chief of the Center for Economic Studies (CES), part of my job is to help...

Spotlight on Commerce: Emily Miller, Policy Advisor, Office of Innovation and Entrepreneurship, U.S. Economic Development Administration

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Ed. note: This post is part of the Spotlight on Commerce series highlighting the contributions of Department of Commerce employees during Women’s History Month. Guest blog post by Emily Miller, Policy Advisor, Office of Innovation and Entrepreneurship, U.S. Economic Development Administration While on my first deployment in the U.S. Army in support of Operation Iraqi Freedom, I had the honor to...

Spotlight on Commerce: Deborah Stempowski, Chief, Decennial Census Management Division, U.S. Census Bureau

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Ed. note: This post is part of the Spotlight on Commerce series highlighting the contributions of Department of Commerce employees during Women’s History Month. Guest blog post by Deborah Stempowski, Chief, Decennial Census Management Division, U.S. Census Bureau I am the chief of the Decennial Census Management Division at the U.S. Census Bureau, and have served in this capacity since May of 2016...