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Friday, November 22, 2024

EDA awards over $1 million in grants for economic development projects in Plymouth County in 2020

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The US Economic Development Administration (EDA) awarded $1,470,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Plymouth County.

The only grant awarded in the county was $1,470,000, to Mattapoisett.

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 Massachusetts in 2020.

Total awarded by county in Massachusetts (2020)
RankCountyTotal
1Bristol County$21,433,118
2Essex County$4,516,351
3Plymouth County$1,470,000
4Suffolk County$623,870
5Franklin County$140,000
5Worcester County$140,000
7Hampden County$116,667

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