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The largest grant awarded in the county was $7,601,000, to the Regional Development Funding Corporation.
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 Pennsylvania in 2020.
Total awarded by county in Pennsylvania (2020)
Rank | County | Total |
---|---|---|
1 | Allegheny County | $9,371,855 |
2 | Philadelphia County | $8,458,000 |
3 | Venango County | $8,425,091 |
4 | Lycoming County | $7,000,000 |
5 | Union County | $6,325,000 |
6 | Blair County | $4,320,000 |
7 | Cambria County | $3,900,000 |
8 | Luzerne County | $2,728,000 |
9 | Bucks County | $2,455,600 |
10 | Elk County | $2,076,000 |
11 | Indiana County | $1,353,000 |
12 | Clinton County | $785,450 |