US Presidency
1965

Tomorrow I will sign into law one of the most important hi ] Is enacted by Congress this session: the Public Works and Economic Development Act of 1965. To direct this far-reaching program of promise for the distressed areas all across America, I intend to nominate as Assistant Secretary of Commerce and as Director of Economic Development one of our most brilliant young public servants, the outstanding Administrator of the Small Business Administration Mr. Eugene P. Foley. Please stand, Mr. Foley. I am also pleased to announce this morning the appointment of Mr. Hobart Taylor, Jr., as a member of the Board of Directors of the Export-Import Bank. Mr. Taylor has been Associate Special Counsel to the President since May 1964. He was previously Executive Vice Chairman of the President's Committee on Equal Employment Opportunity and has largely directed our efforts with the large corporations and institutions of this country in our plans for progress. Will you please stand, Mr. Taylor?