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Monday, November 25, 2024

EDA awards $3 million in grants for economic development projects in Milwaukee County in 2020

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The US Economic Development Administration (EDA) awarded $3,000,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Milwaukee County.

The only grant awarded in the county was $3,000,000, to the Milwaukee Economic Development Corporation.

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 Wisconsin in 2020.

Total awarded by county in Wisconsin (2020)
RankCountyTotal
1Milwaukee County$3,000,000
2Crawford County$1,786,344
3Ashland County$709,222
4Richland County$411,215

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