Adobe Stock
Adobe Stock
The U.S. Economic Development Administration offered the following description of this project:
"This EDA planning investment supports the development and implementation of a comprehensive economic development strategy (CEDS) for the region served by the W.E. Upjohn Unemployment Trustee Corporation and the South Central Michigan Planning Council, which comprises the counties of Kalamazoo, Calhoun, Saint Joseph, and Branch. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy."
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 EDA is a federal government agency that focuses exclusively on economic development.The agency solicits applications for funding in order to support construction, non-construction planning, technical assistance, and revolving loan fund projects under the agency's Public Works and the Economic Adjustment Assistance (EAA) programs. Grants made under these programs are designed to advance economic development in distressed communities.
| Grantee Name | Total Project Funding | Grant Award Date |
|---|---|---|
| Petersburg Water Company | $7,024,500 | Sept. 28 |
| Wabash County | $5,000,000 | Nov. 2 |
| Dayton | $4,500,000 | Oct. 1 |
| Calumet City | $4,222,377 | Sept. 28 |
| America's Central Port District | $3,572,000 | Sept. 8 |
| Red Lake Band of Chippewa Indians | $3,376,765 | Sept. 23 |
| Milwaukee Economic Development Corporation | $3,000,000 | July 30 |
| Prairie du Chien | $1,786,344 | Oct. 23 |
| Carlton County | $1,530,907 | Sept. 18 |
| Youngstown State University | $1,349,353 | Mar. 20 |
| Vincennes | $915,100 | Sept. 25 |
| Miami Valley Regional Planning Commission | $900,000 | Feb. 3 |
| Bad River Band of Lake Superior Tribe of Chippewa Indians | $709,222 | Feb. 19 |
| Bemidji Regional Airport Authority | $566,740 | May 4 |
| Southwestern Wisconsin Regional Planning Commission | $411,215 | Oct. 23 |
| Eastgate Regional Council of Governments | $279,115 | Sept. 2 |
| Sault Ste. Marie Tribe of Chippewa Indians | $261,212 | Sept. 2 |
| Miami Valley Regional Planning Commission | $200,000 | Nov. 2 |
| Leech Lake Band of Ojibwe | $199,400 | July 14 |
| Oakland University | $168,149 | Jan. 29 |
| Southeast Michigan Council of Governments | $150,000 | May 18 |
| Peoria | $120,000 | Sept. 1 |
| West Michigan Shoreline Regional Development Commission | $85,313 | Sept. 11 |
| Southeast Michigan Council of Governments | $80,000 | Oct. 7 |
Alerts Sign-up