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Monday, November 25, 2024

EDA awards over $2 million in grants for economic development projects in Cass County in 2020

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The US Economic Development Administration (EDA) awarded $2,000,400 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 $2,000,400, to NDSU Research & Technology Park.

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 North Dakota in 2020.

Total awarded by county in North Dakota (2020)
RankCountyTotal
1Cass County$2,000,400

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