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Monday, November 25, 2024

EDA awards $350,000 in grants for economic development projects in Orange County in 2020

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The US Economic Development Administration (EDA) awarded $350,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Orange County.

The only grant awarded in the county was $350,000, to East Central Florida Regional Planning Council.

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 Florida in 2020.

Total awarded by county in Florida (2020)
RankCountyTotal
1Leon County$1,300,000
2Martin County$420,000
2Pinellas County$420,000
4Duval County$350,000
4Orange County$350,000
6Lee County$300,000
7Alachua County$262,500

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