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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)
Rank | County | Total |
---|---|---|
1 | Yankton County | $8,073,000 |
2 | Minnehaha County | $3,394,150 |
3 | Meade County | $1,000,000 |
4 | Brown County | $625,000 |