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Sunday, December 22, 2024

EDA Regional office of Atlanta awards grant to Santee-Lynches Regional Council of Governments

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The EDA Regional office of Atlanta awarded an Opportunity Zone grant to the Santee-Lynches Regional Council of Governments on Aug. 5, 2020 with a total project amount of $400,000 from the US Economic Development Administration.

The U.S. Economic Development Administration offered the following description of this project:

"As part of EDA's CARES Act Recovery Assistance, EDA is providing a supplemental financial assistance award to the Santee-Lynches Regional Council of Governments, of Sumter, South Carolina, to help them respond to the unusual and compelling urgency of the coronavirus pandemic. The scope of work requires the recipient to undertake one or more of the following pre-approved activities: (1) the development of an economic recovery and resilience plan, tied to the applicant's approved Comprehensive Economic Development Strategy, to address the economic impacts of the coronavirus pandemic, (2) the deployment of disaster recovery coordinators to orchestrate the region's response to the pandemic, (3) the provision of technical assistance, as necessary, to local governments, businesses, and other stakeholder organizations, and (4) the funding of appropriate technology and staff support for these pandemic-response activities."

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 EDA is a federal government agency that focuses exclusively on economic development.The agency solicits applications for funding in order to support construction, non-construction planning, technical assistance, and revolving loan fund projects under the agency's Public Works and the Economic Adjustment Assistance (EAA) programs. Grants made under these programs are designed to advance economic development in distressed communities.

Other grants awarded out of the EDA Regional office of Atlanta in 2020
Grantee NameTotal Project FundingGrant Award Date
Walterboro$19,590,000Apr. 2
Greenville$16,349,252Oct. 22
Clayton$10,722,780July 28
Pembroke$7,972,490Dec. 11
Greenville Utilities Commission$7,467,000Dec. 11
Fair Bluff$6,000,000May 27
Kentucky Community and Technical College System$4,850,000Sept. 28
Valdosta and Lowndes Chamber of Commerce$4,264,892Mar. 26
Carteret County - Beaufort Airport Authority$4,109,750July 22
Dublin$4,085,045Dec. 10
Phenix City$3,917,111Mar. 30
Sampson Community College$3,236,725Feb. 3
South Pittsburg$2,517,350Aug. 10
Downtown Statesboro Development Authority$2,500,000Dec. 10
The University of West Alabama$2,271,900Sept. 28
McCreary County Water District$2,224,700May 27
Baxter$2,100,000Aug. 10
Mountain City$1,877,000Aug. 10
Commonwealth of Kentucky - Department for Local Government$1,312,500May 26
Cheraw$1,030,140Aug. 13
Apalachee Regional Planning Council$1,000,000June 16
Eastern Kentucky Pride Foundation$952,400July 14
Three Roots Capital$807,000Dec. 8
Lowcountry Local First$736,677Mar. 5
Western Piedmont Council of Governments$420,000Jan. 15
Tampa Bay Regional Planning Council$420,000Jan. 30
Regional Planning Commission of Greater Birmingham$420,000Jan. 30
Treasure Coast Regional Planning Council$420,000Jan. 30
Central Alabama Regional Planning and Development Commission$420,000Jan. 30
Northeast Georgia Regional Commission$350,000Jan. 15
Georgia Mountains Regional Development Commission$350,000Jan. 15
Northwest Alabama Council of Local Governments$350,000Jan. 15
South Central Alabama Development Commission$350,000Jan. 15
Atlanta Regional Commission$350,000Jan. 15
Northeast Florida Regional Council$350,000Jan. 22
Three Rivers Regional Commission$350,000Jan. 30
East Central Florida Regional Planning Council$350,000Jan. 30
The Middle Georgia Regional Commission$321,429Jan. 30
Albemarle Commission$300,000Jan. 15
Northwest Georgia Regional Commission$300,000Jan. 15
Southwestern North Carolina Planning and Economic Development Commission$300,000Jan. 30
Southwest Florida Regional Planning Council$300,000Jan. 30
Apalachee Regional Planning Council$300,000Jan. 30
Southeast Alabama Regional Planning & Development Commission$300,000Jan. 30
Barren River Area Development District$285,368May 26
Central Savannah River Area Regional Commission$262,500Jan. 15
Alabama-Tombigbee Regional Commission$262,500Jan. 15
South Delta Planning and Development District$262,500Jan. 15
Heart of Georgia Altamaha Regional Commission$262,500Jan. 22
North Central Florida Regional Planning Council$262,500Jan. 30
North Delta Planning and Development District$262,500Jan. 30
North Carolina Restaurant and Lodging Association Foundation$215,144Dec. 2
Moultrie-Colquitt County Development Authority$75,000Apr. 9
Myrtle Beach$75,000Apr. 16

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