Quantcast

North Hennepin News

Saturday, November 23, 2024

EDA awards $199,400 in grants for economic development projects in Cass County in 2020

Adobestock 297235820

Adobe Stock

Adobe Stock

The US Economic Development Administration (EDA) awarded $199,400 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Cass County.

The only grant awarded in the county was $199,400, to Leech Lake Band of Ojibwe.

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 Minnesota in 2020.

Total awarded by county in Minnesota (2020)
RankCountyTotal
1Beltrami County$3,943,505
2Carlton County$1,530,907
3Cass County$199,400

MORE NEWS