1. President Trump walks into White House Roosevelt Room
2. SOUNDBITE (English) Donald Trump, US President:
"Thank you. In a few moments I will sign an executive order launching a new White House opportunity. This is a very big thing that Tim and I and everybody have been working on for a long time and revitalization council. This Council will coordinate efforts across the entire federal government to deliver jobs, investment and growth to the communities that need it the most. With the creation of today's council, the resources of the whole federal government will be leveraged to rebuild low income and impoverished neighborhoods that have been ignored by Washington in years past. Our goal is to ensure that America's great new prosperity is broadly shared by all of our citizens. Our country is doing better than ever economically and we're able to do that. I'm thrilled to announce that our new council will be led by Secretary Ben Carson who is here with us today."
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3. SOUNDBITE (English) Donald Trump, US President:
"For decades, job growth and investment have been concentrated in a few major metropolitan areas. This has created a geographic disparity, a very big one in many cases where some cities have thrived while others have suffered chronic economic and social hardship. With Opportunity Zones, we're drawing investment into neglected and underserved communities of America so that all Americans regardless of ZIP code have access to the American dream."
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4. Trump walks over to table to sign bill, he signs bill and holds it up to applause
5. Trump walks out of room, ignores shouted reporter questions about Michael Cohen
President Donald Trump signed an executive order Wednesday aimed at coordinating the efforts of 13 federal agencies to bolster the Opportunity Zones program targeting development in distressed American communities.
The order establishes the White House Opportunity and Revitalization Council, which will be led by Housing and Urban Development Secretary Ben Carson.
The program is part of the 2017 tax reform law, offering tax benefits for developers and investors to build in long-neglected areas.
Speaking at the White House before signing the measure, Trump hailed the order as a way for all U.S. communities "regardless of ZIP code have access to the American dream."
Trump said the resources of the entire federal government "will be leveraged to rebuild low income and impoverished neighborhoods that have been ignored by Washington in years past."
Trump's daughter and close adviser Ivanka Trump attended the event, but neither commented on an Associated Press investigation that examined her promotion of the program despite investments held by her husband, Jared Kushner, that could benefit from the plan's tax breaks.