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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 Sault Ste. Marie Tribe of Chippewa Indians received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Michigan in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Sault Ste. Marie Tribe of Chippewa Indians | $261,212 | Sept. 2 |
| Oakland University | $117,704 | Jan. 29 |
| Southeast Michigan Council of Governments | $75,000 | May 18 |
| West Michigan Shoreline Regional Development Commission | $68,250 | Sept. 11 |
| Southeast Michigan Council of Governments | $40,000 | Oct. 7 |
| W.E. Upjohn Unemployment Trustee Corporation | $35,461 | Feb. 19 |
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