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The only grant awarded in the county was $285,368, to Barren River Area Development District.
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 Kentucky in 2020.
Total awarded by county in Kentucky (2020)
Rank | County | Total |
---|---|---|
1 | Perry County | $4,850,000 |
2 | McCreary County | $2,224,700 |
3 | Franklin County | $1,312,500 |
4 | Pulaski County | $952,400 |
5 | Warren County | $285,368 |