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The U.S. Economic Development Administration offered the following description of this project:
"This EDA investment supports the City of Saint Paul with conducting a feasibility study to help identify critical improvements needed for the Saint Paul Harbor in Aleutians West County, Alaska, a designated Opportunity Zone. In addition, the study will help address decades of job losses and population decline by creating a business plan, which will assist with diversifying the local economy, bolstering job creation, attracting private investment, and promoting economic growth and 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 |
|---|---|---|
| Washington | $15,000,000 | Sept. 28 |
| 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 |
| Napa | $189,675 | Dec. 8 |
| Alaska Native Heritage Center | $189,428 | Dec. 22 |
| Clarkston | $110,000 | Feb. 13 |
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