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Thursday, November 21, 2024

EDA awards over $9 million in grants for economic development projects in Georgia in 2020

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The Economic Development Administration (EDA) issued 13 grants worth $9,384,163 in 2020 to fund economic development projects through opportunity zones in Georgia.

According to the Internal Revenue Service, opportunity zones were added to the tax code under The Tax Cuts and Jobs Act of 2017. The bill has come under some criticism for creating another big tax break for the ultra-wealthy.

Dublin received the largest EDA grant for funding an economic development project in the state.

Grants awarded around Georgia in 2020
Grantee NameTotal EDA Project FundingGrant Award Date
Dublin$2,620,000Dec. 10
Valdosta and Lowndes Chamber of Commerce$2,558,935Mar. 26
Downtown Statesboro Development Authority$2,000,000Dec. 10
Operation Hope$450,228June 22
The Middle Georgia Regional Commission$225,000Jan. 30
Central Savannah River Area Regional Commission$210,000Jan. 15
Northeast Georgia Regional Commission$210,000Jan. 15
Georgia Mountains Regional Development Commission$210,000Jan. 15
Atlanta Regional Commission$210,000Jan. 15
Northwest Georgia Regional Commission$210,000Jan. 15
Heart of Georgia Altamaha Regional Commission$210,000Jan. 22
Three Rivers Regional Commission$210,000Jan. 30
Moultrie-Colquitt County Development Authority$60,000Apr. 9

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