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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 Apalachee Regional Planning Council received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Florida in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Apalachee Regional Planning Council | $800,000 | June 16 |
| Northeast Florida Regional Council | $210,000 | Jan. 22 |
| Tampa Bay Regional Planning Council | $210,000 | Jan. 30 |
| Treasure Coast Regional Planning Council | $210,000 | Jan. 30 |
| Southwest Florida Regional Planning Council | $210,000 | Jan. 30 |
| East Central Florida Regional Planning Council | $210,000 | Jan. 30 |
| Apalachee Regional Planning Council | $210,000 | Jan. 30 |
| North Central Florida Regional Planning Council | $210,000 | Jan. 30 |
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