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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 University of Maryland Baltimore County received the largest EDA grant for funding an economic development project in the state.
Grants awarded around Maryland in 2020
| Grantee Name | Total EDA Project Funding | Grant Award Date |
|---|---|---|
| University of Maryland Baltimore County | $594,190 | Sept. 16 |
| Tri-County Council for the Lower Eastern Shore of Maryland | $70,000 | May 28 |
| Mid-Shore Regional Council | $70,000 | May 28 |
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