War on Poverty

Obama Lays Out ‘Promise Zones’

Stelios Varias/Reuters

On Thursday President Obama laid out his new initiative for reducing poverty and creating jobs by focusing on specific economic “Promise Zones.” The first five high-poverty areas that will receive attention are San Antonio, Texas; Southeastern Kentucky; Philadelphia; Los Angeles; and the Choctaw Nation of Oklahoma. The plan aims to ensure more high school graduations, provide tax incentives for economic growth and bring mixed-income housing to these areas.