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Western South Dakota News

Monday, November 25, 2024

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

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The US Economic Development Administration (EDA) awarded $1,000,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Meade County.

The only grant awarded in the county was $1,000,000, to West River Foundation for Economic and Community Development.

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 South Dakota in 2020.

Total awarded by county in South Dakota (2020)
RankCountyTotal
1Yankton County$8,073,000
2Minnehaha County$3,394,150
3Meade County$1,000,000
4Brown County$625,000

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