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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.
Delaware Innovation Space received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Delaware in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Delaware Innovation Space | $1,488,083 | Sept. 16 |
| True Access Capital Corporation | $1,199,000 | July 23 |
| Wilmington Economic Development Corporation | $616,000 | July 23 |
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