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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 Community Investment Corporation received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Connecticut in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Community Investment Corporation | $3,465,000 | July 23 |
| Southeastern Connecticut Enterprise Region Corporation | $1,936,000 | July 23 |
| Southeastern Connecticut Enterprise Region Corporation | $70,000 | June 1 |
| Northwest Hills Council of Governments | $60,000 | June 1 |
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