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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 the Regional Development Funding Corporation received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Pennsylvania in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Regional Development Funding Corporation | $7,601,000 | July 24 |
| Philadelphia Authority for Industrial Development | $7,458,000 | July 24 |
| SEDA-Council of Governments | $6,325,000 | July 24 |
| Lycoming County | $5,600,000 | Feb. 24 |
| Northwest PA Regional Planning & Development Commission | $5,409,091 | July 1 |
| Southern Alleghenies Planning and Development Commission | $4,320,000 | July 24 |
| Bucks County Industrial Development Authority | $2,455,600 | July 24 |
| Economic Development Council of Northeastern Pennsylvania | $2,178,000 | July 24 |
| Johnstown Redevelopment Authority | $1,950,000 | Apr. 22 |
| North Central Pennsylvania Regional Planning and Development | $1,936,000 | July 24 |
| Venango County Economic Development Authority | $1,500,000 | Jan. 27 |
| Indiana County | $1,353,000 | July 24 |
| Southwestern Pennsylvania Commission | $1,100,855 | July 24 |
| Northeastern Pennsylvania Industrial Resource Center | $550,000 | July 24 |
| Allegheny County Industrial Development Authority | $530,000 | July 24 |
| SEDA - Council of Governments (SEDA-COG) | $471,270 | July 14 |
| Pennsylvania Economy League | $300,000 | Sept. 16 |
| The Enterprise Center Community Development Corporation | $145,000 | Sept. 10 |
| North Central Pennsylvania Regional Planning and Development Commission | $70,000 | May 28 |
| Southwestern Pennsylvania Corporation | $70,000 | June 1 |
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