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Monday, September 23, 2024

EDA awards $300,000 in grants for economic development projects in Floyd County in 2020

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The US Economic Development Administration (EDA) awarded $300,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Floyd County.

The only grant awarded in the county was $300,000, to Northwest Georgia Regional Commission.

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 Georgia in 2020.

Total awarded by county in Georgia (2020)
RankCountyTotal
1Lowndes County$4,264,892
2Laurens County$4,085,045
3Bulloch County$2,500,000
4Clarke County$350,000
4Fulton County$350,000
4Hall County$350,000
4Spalding County$350,000
8Bibb County$321,429
9Floyd County$300,000
10Columbia County$262,500
10Dodge County$262,500
12Colquitt County$75,000

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