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Saturday, November 23, 2024

EDA awards $352,700 in grants for economic development projects in Natrona County in 2020

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The US Economic Development Administration (EDA) awarded $352,700 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Natrona County.

The only grant awarded in the county was $352,700, to Casper Area Economic Development Alliance.

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 Wyoming in 2020.

Total awarded by county in Wyoming (2020)
RankCountyTotal
1Sheridan County$8,554,600
2Park County$2,765,540
3Natrona County$352,700
4Uinta County$87,500

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