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Saturday, November 23, 2024

EDA awards over $11 million in grants for economic development projects in Los Angeles County in 2020

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The US Economic Development Administration (EDA) awarded $11,200,000 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Los Angeles County.

The only grant awarded in the county was $11,200,000, to Long Beach.

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 California in 2020.

Total awarded by county in California (2020)
RankCountyTotal
1Los Angeles County$11,200,000
2Fresno County$2,428,500
3Napa County$189,675

ORGANIZATIONS IN THIS STORY

Hawthorne CityBurbankWest CovinaEast Los AngelesCalabasasHidden HillsLake Los AngelesRosemeadHuntington ParkWhittier CityEast Rancho DominguezPasadenaCity of CommerceDiamond BarSouth WhittierHacienda HeightsWestmontBellflowerWest Puente ValleyPico RiveraActonAlondra ParkGlendoraLake HughesSouth PasadenaBellLa Habra HeightsSignal HillSouth GateWest Rancho DominguezSan FernandoNorth El MonteDowneyLakewoodLa MiradaCulver City CityAlhambraAvalonWestlake VillageInglewoodEast San GabrielDuarteWalnutSouth San Jose HillsCitrusBell GardensRolling Hills EstatesMarina Del ReySan PasqualAgua DulceEast PasadenaRolling HillsAvocado HeightsVernonBaldwin ParkLawndalePomonaMonroviaCudahyEast La MiradaLynwoodLa PuenteLomitaHasley CanyonCity of Agoura HillsSouth San GabrielRowland HeightsPalmdale CityCompton CityQuartz HillTopangaCovinaCarson CityWest HollywoodMonterey ParkCity of ClaremontMalibu CityManhattan Beach CityGardenaDel AireSanta ClaritaCastaicIndustryRancho Palos Verdes CityMayflower VillageVal VerdeWalnut ParkFlorence-GrahamStevenson RanchHawaiian Gardens CityLennoxAltadenaLa Canada FlintridgeValindaEl SegundoRedondo Beach CityCharter OakElizabeth LakeTemple CityLa VerneRose HillsCity of Long BeachCity of Los AngelesSanta Fe SpringsLa Crescenta-MontroseArtesiaVincentBeverly HillsDesert View HighlandsParamount CityWest CarsonWest AthensNorwalkLeona ValleyLadera HeightsLancasterArcadia CityHermosa Beach CityWest Whittier-Los NietosTorranceCity Of Santa MonicaSun VillageSierra MadreSan DimasCerritosSan GabrielView Park-Windsor HillsLittlerockSouth Monrovia IslandIrwindaleBradburySan MarinoWillowbrookAzusaMontebelloPalos Verdes EstatesMaywoodEl MonteSouth El MonteGlendale

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