Quantcast

Northeast South Dakota News

Friday, November 15, 2024

EDA awards $625,000 in grants for economic development projects in Brown County in 2020

Adobestock 220383845

Adobe Stock

Adobe Stock

The US Economic Development Administration (EDA) awarded $625,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Brown County.

The only grant awarded in the county was $625,000, to Northeast Council of Governments.

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.

The following table shows how much the EDA invested in projects in all counties in South Dakota in 2020.

Total awarded by county in South Dakota (2020)
RankCountyTotal
1Yankton County$8,073,000
2Minnehaha County$3,394,150
3Meade County$1,000,000
4Brown County$625,000

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS