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Sunday, September 22, 2024

EDA awards over $6 million in grants for economic development projects in Muskogee County in 2020

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The US Economic Development Administration (EDA) awarded $6,550,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Muskogee County.

The only grant awarded in the county was $6,550,000, to Muskogee City - County Port Authority.

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 Oklahoma in 2020.

Total awarded by county in Oklahoma (2020)
RankCountyTotal
1Muskogee County$6,550,000
2Tulsa County$3,750,000
3Carter County$3,218,670
4Pottawatomie County$2,500,000
5Jackson County$1,850,000
6Garfield County$1,025,394

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