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Strafford News

Sunday, September 22, 2024

EDA awards over $1 million in grants for economic development projects in Strafford County in 2020

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The US Economic Development Administration (EDA) awarded $1,336,436 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Strafford County.

The largest grant awarded in the county was $1,196,436, to University System of New Hampshire.

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 New Hampshire in 2020.

Total awarded by county in New Hampshire (2020)
RankCountyTotal
1Rockingham County$1,390,000
2Strafford County$1,336,436

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