Quantcast

Mohawk Valley Times

Monday, December 23, 2024

EDA awards $47,000 in grants for economic development projects in Franklin County in 2020

Adobestock 220383845

Adobe Stock

Adobe Stock

The US Economic Development Administration (EDA) awarded $47,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Franklin County.

The only grant awarded in the county was $47,000, to Saint Regis Mohawk Tribe.

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 New York in 2020.

Total awarded by county in New York (2020)
RankCountyTotal
1Steuben County$4,021,484
2New York County$2,000,000
3Albany County$140,000
3Broome County$140,000
3Herkimer County$140,000
3Onondaga County$140,000
7Franklin County$47,000

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS