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Statement by the President: New Markets (7/25/00)

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The Briefing Room
                              THE WHITE HOUSE

                       Office of the Press Secretary
                         (Fayetteville, Arkansas)

For Immediate Release                                    July 25, 2000

                        STATEMENT BY THE PRESIDENT

     I commend the House of Representatives for passing today the
bipartisan New Markets, Empowerment Zone and Community Renewal legislation.
At a time of unprecedented prosperity, too many Americans in our cities and
rural areas still do not have access to investment capital and economic
opportunity.  This legislation will spur more private sector investment in
these new markets so that all Americans can fully participate in our
thriving economy.  I look forward to working with members of both parties
in the House and the Senate this year to enact this historic and innovative


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