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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 West Virginia Economic Development Authority received the largest EDA grant for funding an economic development project in the state.
Grants awarded around West Virginia in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| West Virginia Economic Development Authority | $10,340,000 | Sept. 25 |
| Huntington Stormwater Utility | $5,164,240 | Aug. 3 |
| Beverly | $3,241,600 | Sept. 28 |
| Benedum Airport Authority | $1,960,000 | Aug. 3 |
| Grandview Doolin Public Service District | $1,900,000 | Sept. 28 |
| Coalfield Development Corporation | $1,747,600 | Aug. 3 |
| Central West Virginia Regional Airport Authority | $1,218,000 | Sept. 28 |
| Marshall University Research Corporation | $96,000 | Mar. 11 |
| Region IV Planning and Development Council | $70,000 | Jan. 22 |
| Mid-Ohio Valley Regional Planning and Development Council | $70,000 | Mar. 5 |
| Region 7 Planning & Development Council | $70,000 | Mar. 5 |
| Regional Intergovernmental Council | $70,000 | June 1 |
| Region 8 Planning and Development Council | $70,000 | June 1 |
| Region 2 Planning and Development Council | $70,000 | June 1 |
| Bel-O-Mar Regional Council | $70,000 | June 1 |
| Region I Planning and Development Council | $70,000 | June 1 |
| Region IV Planning and Development Council | $70,000 | Dec. 17 |
| University of Charleston | $64,000 | Aug. 31 |
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