Sentences with phrase «depressed urban and rural areas»

He proposed a «new - markets» tax credit to spur $ 22 billion in private investment in depressed urban and rural areas, and an expansion of empowerment zones.

President Clinton gave housing scant attention in his State of the Union address in late January, but he included initiatives that could boost investment in depressed urban and rural areas and spur homeownership among low - and moderate - income families.

The law provided tax incentivesfor seven years to businesses that locate and hire residents in economically depressed urban and rural areas.