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Adobe Stock
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.
Grants awarded around Arkansas in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Newport | $2,500,000 | Sept. 28 |
| University of Arkansas Pulaski Technical College | $2,500,000 | Sept. 28 |
| Southeast Arkansas Economic Development District | $2,167,000 | July 23 |
| Southeast Arkansas Economic Development District (SEAEDD) | $2,000,000 | May 4 |
| Pulaski County | $2,000,000 | Aug. 11 |
| Fayetteville | $2,000,000 | Sept. 28 |
| Jonesboro | $2,000,000 | Sept. 28 |
| Community Venture Foundation | $650,000 | Nov. 2 |
| West Central Arkansas Planning and Development District | $550,000 | July 23 |
| Western Arkansas Intermodal Authority | $360,000 | Apr. 16 |
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