1. Short title This Act may be cited as the Community Economic Assistance Act of 2017 . 2. Extension of empowerment zone provisions to certain communities (a) In general Chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after subchapter U the following new subchapter: U–1 Community economic assistance zones Sec. 1397G. Designation of community economic assistance zones. Sec. 1397H. Incentives for community economic assistance zones. 1397G. Designation of community economic assistance zones (a) In general For purposes of this title, the term community economic assistance zone means any area— (1) which is nominated by the governor or governors of the State or States in which it is located for designation as a community economic assistance zone (hereafter in this section referred to as a nominated area , and (2) which the Secretary designates as a community economic assistance zone, after consultation with— (A) the Secretary of Labor, and (B) in the case of an area on an Indian reservation, the Secretary of the Interior. (b) Designation based on loss of employment, etc (1) In general Except as otherwise provided in this section, a nominated area designated as a community economic assistance zone under this subsection shall be— (A) a nominated area— (i) where— (I) a facility is located with respect to which a notice was issued after December 31, 2014, under section 3 of the Worker Adjustment and Retraining Notification Act ( 29 U.S.C. 2102 ) with respect to 250 or more employees, or (II) where 100 or more employees with respect to which such a notice was issued reside, (ii) where the number of employees— (I) with respect to which the notice was issued (in the case of an area described in clause (i)(I)), or (II) the number of employees who are described in clause (i)(II) (in any other case), is equal to or greater than 0.5 percent of the employed population of the metropolitan statistical area (as determined by the Secretary), and (iii) where a loss of employment satisfying the requirements