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The largest grant awarded in the county was $3,522,412, to Gloucester.
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 Massachusetts in 2020.
Total awarded by county in Massachusetts (2020)
Rank | County | Total |
---|---|---|
1 | Bristol County | $21,433,118 |
2 | Essex County | $4,516,351 |
3 | Plymouth County | $1,470,000 |
4 | Suffolk County | $623,870 |
5 | Franklin County | $140,000 |
5 | Worcester County | $140,000 |
7 | Hampden County | $116,667 |
ORGANIZATIONS IN THIS STORY
Topsfield• Saugus• Marblehead• North Andover• Lynnfield• Rockport Town• Essex• City of Beverly• City of Gloucester• City of Lawrence• City of Newburyport• Ipswich• Nahant• Swampscott• Middleton• City of Salem• Andover• Rowley• Methuen Town• Georgetown• City of Peabody• Danvers• Wenham• Amesbury Town• City of Lynn• City Of Haverhill• Boxford• Manchester-By-The-Sea• Rockport• Rowley Town• Salisbury• Swampscott Town
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