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Sunday, October 6, 2024

EDA awards $140,000 in grants for economic development projects in Mercer County in 2020

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The US Economic Development Administration (EDA) awarded $140,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Mercer County.

The only grant awarded in the county was $140,000, to Region I Planning and Development Council.

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 West Virginia in 2020.

Total awarded by county in West Virginia (2020)
RankCountyTotal
1Kanawha County$12,082,966
2Cabell County$6,719,354
3Randolph County$4,052,000
4Wetzel County$3,225,142
5Harrison County$2,493,499
6Wayne County$2,184,600
7Nicholas County$280,000
8Grant County$140,000
8Mercer County$140,000
8Ohio County$140,000
11Upshur County$100,000
12Wood County$87,500

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