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The U.S. Economic Development Administration offered the following description of this project:
"This EDA investment will provide additional support to the Bemidji Regional Airport Authority Infrastructure and Hangar Development Project, which includes the construction of multiple improvements to support the growth of existing businesses. The Airports existing hangars are at capacity which led to the need for additional hangar space. Once completed, the extra improvements will increase general aviation activity and improve the connectivity of the region, which will lead to sustainable economic growth and foster collaboration, innovation and job creation throughout the region."
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.
| Grantee Name | Total Project Funding | Grant Award Date |
|---|---|---|
| Petersburg Water Company | $7,024,500 | Sept. 28 |
| Wabash County | $5,000,000 | Nov. 2 |
| Dayton | $4,500,000 | Oct. 1 |
| Calumet City | $4,222,377 | Sept. 28 |
| America's Central Port District | $3,572,000 | Sept. 8 |
| Red Lake Band of Chippewa Indians | $3,376,765 | Sept. 23 |
| Milwaukee Economic Development Corporation | $3,000,000 | July 30 |
| Prairie du Chien | $1,786,344 | Oct. 23 |
| Carlton County | $1,530,907 | Sept. 18 |
| Youngstown State University | $1,349,353 | Mar. 20 |
| Vincennes | $915,100 | Sept. 25 |
| Miami Valley Regional Planning Commission | $900,000 | Feb. 3 |
| Bad River Band of Lake Superior Tribe of Chippewa Indians | $709,222 | Feb. 19 |
| Southwestern Wisconsin Regional Planning Commission | $411,215 | Oct. 23 |
| Eastgate Regional Council of Governments | $279,115 | Sept. 2 |
| Sault Ste. Marie Tribe of Chippewa Indians | $261,212 | Sept. 2 |
| Miami Valley Regional Planning Commission | $200,000 | Nov. 2 |
| Leech Lake Band of Ojibwe | $199,400 | July 14 |
| Oakland University | $168,149 | Jan. 29 |
| Southeast Michigan Council of Governments | $150,000 | May 18 |
| Peoria | $120,000 | Sept. 1 |
| West Michigan Shoreline Regional Development Commission | $85,313 | Sept. 11 |
| Southeast Michigan Council of Governments | $80,000 | Oct. 7 |
| W.E. Upjohn Unemployment Trustee Corporation | $70,922 | Feb. 19 |
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