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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 Rockingham Economic Development Corporation (REDC) received the largest EDA grant for funding an economic development project in the state.
Grants awarded around New Hampshire in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| Rockingham Economic Development Corporation (REDC) | $1,000,000 | May 26 |
| University System of New Hampshire | $598,152 | Sept. 16 |
| Rockingham Economic Development Corporation | $70,000 | Mar. 11 |
| Strafford Regional Planning Commission | $70,000 | Aug. 21 |
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