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