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The U.S. Economic Development Administration offered the following description of this project:
"This EDA investment supports the implementation of a technical assistance program and development of a comprehensive plan to re-open the statewide economy in Washington State, including designated Opportunity Zones. The project will make resources available to business enterprises in multiple industries, to improve their ability in response to the adverse economic impacts caused by the COVID-19 pandemic. Once completed, the project will support the creation of sustainable employment opportunities for the state's workforce and advance economic resiliency throughout the region."
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.
| Grantee Name | Total Project Funding | Grant Award Date |
|---|---|---|
| Long Beach | $11,200,000 | Feb. 26 |
| Camas-Washougal | $7,000,000 | Sept. 28 |
| Stevenson | $5,068,000 | Sept. 25 |
| NDC Economic Development Lending, Inc. | $4,812,500 | Sept. 28 |
| Hermiston | $2,924,000 | Sept. 8 |
| Idaho State University | $2,839,941 | Feb. 5 |
| Orange Cove | $2,428,500 | July 28 |
| Spokane Tribe of Indians | $1,800,000 | July 24 |
| Odessa | $1,632,007 | Apr. 22 |
| Coquille Indian Tribe | $1,561,074 | Nov. 25 |
| Kenai Peninsula Economic Development District | $800,000 | Dec. 7 |
| Willamette Partnership | $596,087 | Sept. 2 |
| Northern Arizona University | $437,588 | Sept. 28 |
| North Olympic Peninsula Resource Conservation and Development Council | $420,000 | May 5 |
| Greater Eastern Oregon Development Corporation | $375,000 | Aug. 24 |
| St. Paul | $227,922 | Sept. 24 |
| Napa | $189,675 | Dec. 8 |
| Alaska Native Heritage Center | $189,428 | Dec. 22 |
| Clarkston | $110,000 | Feb. 13 |
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