Establishes the Helping Opportunity Prosper Everywhere (HOPE) Zone Act to create designated zones for economic development and workforce training.

The Helping Opportunity Prosper Everywhere (HOPE) Zone Act establishes HOPE zones to promote economic development and workforce training. These zones can be designated by local governments meeting certain criteria, such as having a median household income of $60,000 or less. Within these zones, businesses can enter into agreements to capture withholding tax revenues for workforce development purposes. Qualified workforce development organizations can apply for HOPE zone agreements to use captured tax revenues for training grants and other workforce development activities.

Establishes the Helping Opportunity Prosper Everywhere (HOPE) Zone Act to create designated zones for economic development and workforce training.

The Helping Opportunity Prosper Everywhere (HOPE) Zone Act establishes HOPE zones to promote economic development and workforce training. These zones can be designated by local governments meeting certain criteria, such as having a median household income of $60,000 or less. Within these zones, businesses can enter into agreements to capture withholding tax revenues for workforce development purposes. Qualified workforce development organizations can apply for HOPE zone agreements to use captured tax revenues for training grants and other workforce development activities.