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President announces 'Promise Zones'

WASHINGTON, D.C. (NEWSCHANNEL 3) - President Obama is announcing what are being called "Promise Zones."

They are a way the federal government can help economically challenged communities.

Mr. Obama will discuss the zones Thursday at a White House event.

The White House says tax incentives and grants can help communities tackle poverty, giving children a better chance at success.

By applying for federal funding in targeted areas, "Promise Zones" will be able to boost education, access to housing and crime-reduction programs.