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The U.S. Economic Development Administration offered the following description of this project:
"This EDA investment supports the Southwestern Wisconsin Regional Planning Commission and Richland County with developing a disaster recovery and economic resiliency strategy in Richland County, Wisconsin, a designated Opportunity Zone. The project will help with recovery efforts from the 2016 and 2018 floods by creating an economic resiliency plan that will diversify economic opportunities and mitigate the effect of future flooding events. Once completed, the project will help protect critical infrastructure, increase the regional workforce, attract new businesses, and advance economic resilience throughout the region."
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 |
| 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 |
| W.E. Upjohn Unemployment Trustee Corporation | $70,922 | Feb. 19 |
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