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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.
Lexington received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Missouri in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Lexington | $6,000,000 | Aug. 11 |
| Moberly | $4,809,787 | Sept. 28 |
| Cox College | $1,881,922 | Nov. 19 |
| Pemiscot County Port Authority | $1,871,485 | Sept. 28 |
| Montgomery City | $1,686,722 | Dec. 10 |
| BioSTL | $1,500,000 | Sept. 16 |
| Excelsior Springs | $500,000 | June 22 |
| South St. Joseph Industrial Sewer District | $377,120 | Sept. 23 |
| Doniphan | $246,444 | May 14 |
| Greater Poplar Bluff Area Chamber of Commerce | $79,800 | Jan. 9 |
| Urban League of Metropolitan St. Louis | $30,000 | Dec. 16 |
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