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The only grant awarded in the county was $1,530,907, to Carlton County.
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 Minnesota in 2020.
Total awarded by county in Minnesota (2020)
Rank | County | Total |
---|---|---|
1 | Beltrami County | $3,943,505 |
2 | Carlton County | $1,530,907 |
3 | Cass County | $199,400 |
ORGANIZATIONS IN THIS STORY
City of Kettle River• Mahtowa Township• Silver Brook• Blackhoof• City of Cloquet• Skelton• Kalevala• City of Carlton• Thomson Township• City of Barnum• Mahtowa• Perch Lake• City of Wright• Beseman• Automba• Thomson• City of Cromwell• Lakeview• Big Lake• Silver• City of Scanlon• City of Moose Lake• City of Wrenshall• Split Rock• Holyoke• Esko
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