america's new markets initiative
In early November, with visits to Newark, New Jersey; Hartford, Connecticut; Hermitage, Arkansas; and Chicago, Illinois; President Clinton went on the second leg of his 10-city New Markets Tour; to draw attention to the untapped markets to be found in America's underserved communities. President Clinton released a HUD report showing that most communities and families in the Northeast are prospering in America's booming economy, but some pockets of poverty remain - particularly in small and mid-size cities that have suffered job losses when factories and other major employers closed up shop. The report is a special supplement to an earlier HUD report titled, "Now Is The Time: Places Left Behind in the New Economy."
Earlier in July, 1999, the President visited Anaheim and Los Angeles, California; South Phoenix, Arizona; Pine Ridge Indian Reservation, South Dakota; East St. Louis, Illinois; St. Louis, Missouri; Clarksdale, Mississippi; Annville and Hazard, Kentucky. "Our strong economy has helped millions of families build better lives with good jobs, higher earnings, and homes of their own," the President said. "The challenge now is to work in partnership with businesses and communities to create new markets that will make our economy even stronger, so that people and places left behind can become full participants in America's prosperity. HUD's new report provides valuable information that will help us meet this challenge."
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| President Clinton addresses a community rally in East St. Louis after touring a new Walgreens store. | ||
Secretary Cuomo added, "This new report shows there are really two economies in the Northeast today - one on a superhighway to prosperity and growth, the other stuck in the slow lane. Government alone can't solve this problem, but government can provide incentives that will attract business investment to get the job done."
President Clinton’s New Markets Tour
- HUD's Proposal to Create the America's Private Investment Companies (APIC) Program
- Tapping America’s Potential
- Background on the Clinton-Gore Administration’s Community Development Record
- Remarks to the People of Appalachia
New Market Reports
- Community Empowerment Fund Technical Summary
A PDF Reader is necessary to view this file. PDF reader options for the visually impaired. - Now Is The Time: Places Left Behind in the New Economy
- New Markets: The Untapped Retail Buying Power in America's Inner Cities
News Releases
- President Clinton Announces Over $9.2 Million in Grants to Fight Drug Crime and Help Senior Citizens and Disabled, November 5, 1999
- President Clinton Announces Hartford will get more than $6.7 Million for Economic Development and to Fight Drug Abuse, November 4, 1999
- President Clinton Announces $2 Million to Help Fight Drugs and Crime in Newark Public Housing, November 4, 1999
- President Clinton Issues Report Saying Most Communities In Northeast Are Doing Well, But Some Have Been Left Behind, November 4, 1999
- Cuomo Announces $500,000 in Grants for Blackfeet Tribe, Bringing Total HUD Aid to Tribe This Year to $7.4 Million, August 4, 1999
- HUD Awards $10.4 Million in Loan Guarantees to Businesses in Los Angeles to Revitalize Economy and Create Jobs, July 8, 1999
- HUD Funds Strengthen South Phoenix Area Visited by President, July 7, 1999
- HUD to Work with Tribes and Businesses to Carry Out President Clinton’s Initiatives to Create Housing and Jobs on Reservations, July 7, 1999
- President Clinton and Secretary Cuomo Present East St. Louis and St. Louis with $3 million Empowerment Zone Grant, July 6, 1999
- HUD Assistance has Helped Mississippi Delta Communities Create, Jobs, Spur Economic Development, Expand Housing Supply, July 6, 1999
- President Clinton Releases HUD Report Showing America’s Inner Cities Hold Tremendous Economic Promise, July 6, 1999
- President Clinton Announces $1.5 Million in Rural Housing and Economic Development Assistance for Kentucky, July 5, 1999
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Last Updated: December 17, 1999