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The U.S. Economic Development Administration offered the following description of this project:
"This EDA investment supports the Spokane Tribe of Indians with the critical need for modern infrastructure in Stevens County, Washington. The project will make critical roadway improvements needed to support business development in a designated Opportunity Zone. Once completed, the project will promote community resiliency, create jobs, and strengthen economic growth 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 |
|---|---|---|
| Washington | $15,000,000 | Sept. 28 |
| Long Beach | $11,200,000 | Feb. 26 |
| Camas-Washougal | $7,000,000 | Sept. 28 |
| Stevenson | $5,068,000 | Sept. 25 |
| NDC Economic Development Lending, Inc. | $4,812,500 | Sept. 28 |
| Hermiston | $2,924,000 | Sept. 8 |
| Idaho State University | $2,839,941 | Feb. 5 |
| Orange Cove | $2,428,500 | July 28 |
| Odessa | $1,632,007 | Apr. 22 |
| Coquille Indian Tribe | $1,561,074 | Nov. 25 |
| Kenai Peninsula Economic Development District | $800,000 | Dec. 7 |
| Willamette Partnership | $596,087 | Sept. 2 |
| Northern Arizona University | $437,588 | Sept. 28 |
| North Olympic Peninsula Resource Conservation and Development Council | $420,000 | May 5 |
| Greater Eastern Oregon Development Corporation | $375,000 | Aug. 24 |
| St. Paul | $227,922 | Sept. 24 |
| Napa | $189,675 | Dec. 8 |
| Alaska Native Heritage Center | $189,428 | Dec. 22 |
| Clarkston | $110,000 | Feb. 13 |
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