Rep. Michael E. Capuano Announces House Committee Provides $30 Million for Empowerment Zones; $2 Million for Boston EZ
October 11, 2002 -- Rep. Michael E. Capuano announced today that the House Appropriations Committee provided $30 million for the Round II Empowerment Zone Communities. The City of Boston will receive $2 million of this funding for economic development initiatives if the Congress approves this legislation later this fall.
"Members on both sides of the aisle are fighting to maintain the federal commitment to the Round II Empowerment Zones. Across the nation, and especially here in Boston, the EZs have been successful in creating jobs and economic opportunities. I am pleased that the House Appropriations Committee agreed to fund the Round II Zones for another year," said Rep. Capuano.
President Clinton created the Empowerment Zone program in 1994 to help revitalize urban and rural communities across the country. The City of Boston was designated an Enhanced Enterprise Community in 1994, and received an Empowerment Zone designation in 1999. The EZ has received more than $20 million in federal funding to support job training programs and community and economic development initiatives.
"The Boston EZ recently announced a significant investment in the Crosstown Center development that is expected to create more than 740 new jobs. With the additional resources approved by the House Appropriations Committee, the EZ can continue to leverage public and private funding and make targeted investments in our neighborhoods," stated Rep. Capuano.