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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.
The Vermont Community Loan Fund received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Vermont in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Vermont Community Loan Fund | $1,056,000 | July 24 |
| Burlington Electric Department | $550,000 | July 24 |
| Springfield Regional Development Corporation | $550,000 | July 24 |
| Eastern Vermont Economic Development District, Inc. | $70,000 | May 28 |
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