President Donald J. Trumps Policies are Delivering Record-Breaking Economic Results for African Americans

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We’re fighting to give every American — all over the country, every single American — a future of dignity and purpose and of pride.

President Donald J. Trump

RECORD-BREAKING RESULTS: Under President Donald J. Trump, economic opportunity is soaring and unemployment is dropping for African Americans.

  • This year, African-American unemployment fell to a record low of 5.9 percent.
  • Total African-American employment has increased by 976,000 since President Trump’s election and stands at a record high.
  • The poverty rate for African Americans reached its lowest level on record in 2017.

INVESTING IN DISTRESSED COMMUNITIES: President Donald J. Trump’s Opportunity Zone Incentives are promoting investment in left-behind, economically distressed communities.

  • President Trump’s historic tax cut legislation included new Opportunity Zone Incentives to promote investment in economically distressed communities across the country.
  • Opportunity Zones offer tax incentives for businesses to invest in economically distressed communities, making them a powerful vehicle for economic growth and job creation.
    • Nearly 35 million Americans live in communities designated as Opportunity Zones.
    • 8,761 communities in all 50 States, the District of Columbia, and five United States territories have been designated as Opportunity Zones.
  • Through these tax incentives, we will jumpstart our American communities, create momentum for economic recovery, and attract investment to diverse areas across our Nation.

PROMOTING MINORITY-OWNED BUSINESS: Through job training, tax reform, and deregulation, President Donald J. Trump and his Administration are creating a better environment for minority-owned business.

  • President Trump is empowering minority business owners by eliminating a historic amount of unnecessary and burdensome regulations that too often hinder their growth.
  • Through the Department of Commerce’s Minority Business Development Agency, President Trump is delivering numerous new opportunities for minority business enterprises.
  • President Trump’s tax cuts included provisions that benefit minority-owned small businesses, a segment that contributes more than $1 trillion in annual economic output.
  • The President signed a memorandum dedicating at least $200 million a year to promote STEM education and especially benefitting women and minorities.

DELIVERING FOR HBCUs: President Donald J. Trump has made supporting our Nation’s Historically Black Colleges and Universities (HBCUs) a key priority for his Administration.

  • In February 2017, President Trump signed an Executive Order on the White House Initiative on Historically Black Colleges and Universities.
    • The Executive Order moved the White House Initiative on Historically Black Colleges and Universities to the White House from the Department of Education.
    • This was the earliest Executive Order on HBCUs signed by any President.
  • Earlier this year, President Trump signed legislation that increased Federal funding to HBCU programs by more than 14 percent.
  • The President signed legislation that forgave more than $300 million in Hurricane Katrina related debt that threatened New Orleans, Louisiana, area HBCUs.
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