The Clinton-Gore Administration created 40 Empowerment Zones (EZs) and more than 100 rural and urban Enterprise Communities, to help bring $10 billion in new private sector investment and thousands of new jobs for local residents. The President secured $70 million in funding for Rural and Urban Empowerment Zones in FY 2000 - after Congress initially provided no funding. The FY 2001 budget agreement extended and expanded the incentives in the existing EZs, as well as created nine new Round III Empowerment Zones for a total of 40.