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Tuesday, November 5, 2024

EDA Regional office of Seattle awards grant to Northern Arizona University

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The EDA Regional office of Seattle awarded an Opportunity Zone grant to Northern Arizona University on Sept. 28, 2020 with a total project amount of $437,588 from the US Economic Development Administration.

The U.S. Economic Development Administration offered the following description of this project:

"This EDA investment supports Northern Arizona University with establishing a workforce development program focused upon the forest products industry in Flagstaff, Arizona. The project work activities include completion of a survey to assess needs for forest operations workers, development of a training center curriculum, development and planning of workshop and seminar events, execution of collaboration with key industry partners, and performing an examination of the status of lumber producers and related business entities. Once completed, the project will support economic diversification, increase job creation and resiliency, and attract private investment to an area that has been impacted by the decline in the coal industry."

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 EDA is a federal government agency that focuses exclusively on economic development.The agency solicits applications for funding in order to support construction, non-construction planning, technical assistance, and revolving loan fund projects under the agency's Public Works and the Economic Adjustment Assistance (EAA) programs. Grants made under these programs are designed to advance economic development in distressed communities.

Other grants awarded out of the EDA Regional office of Seattle in 2020
Grantee NameTotal Project FundingGrant Award Date
Washington$15,000,000Sept. 28
Long Beach$11,200,000Feb. 26
Camas-Washougal$7,000,000Sept. 28
Stevenson$5,068,000Sept. 25
NDC Economic Development Lending, Inc.$4,812,500Sept. 28
Hermiston$2,924,000Sept. 8
Idaho State University$2,839,941Feb. 5
Orange Cove$2,428,500July 28
Spokane Tribe of Indians$1,800,000July 24
Odessa$1,632,007Apr. 22
Coquille Indian Tribe$1,561,074Nov. 25
Kenai Peninsula Economic Development District$800,000Dec. 7
Willamette Partnership$596,087Sept. 2
North Olympic Peninsula Resource Conservation and Development Council$420,000May 5
Greater Eastern Oregon Development Corporation$375,000Aug. 24
St. Paul$227,922Sept. 24
Napa$189,675Dec. 8
Alaska Native Heritage Center$189,428Dec. 22
Clarkston$110,000Feb. 13

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