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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.
Colorado Lending Source received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Colorado in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Colorado Lending Source | $8,000,000 | Dec. 17 |
| Regents of the University of Colorado | $2,750,000 | Apr. 27 |
| Cheyenne County | $20,000 | May 5 |
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