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Friday, November 1, 2024

EDA awards $139,409 in grants for economic development projects in Litchfield County in 2020

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The US Economic Development Administration (EDA) awarded $139,409 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Litchfield County.

The only grant awarded in the county was $139,409, to Northwest Hills Council of Governments.

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 Connecticut in 2020.

Total awarded by county in Connecticut (2020)
RankCountyTotal
1New Haven County$3,465,000
2New London County$2,076,000
3Litchfield County$139,409

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