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Saturday, March 15, 2025

EDA awards $982,143 in grants for economic development projects in Bernalillo County in 2020

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The US Economic Development Administration (EDA) awarded $982,143 total in Opportunity Zone grants in 2020 in order to fund economic development projects in Bernalillo County.

The largest grant awarded in the county was $625,000, to DreamSpring.

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 New Mexico in 2020.

Total awarded by county in New Mexico (2020)
RankCountyTotal
1Santa Fe County$2,677,654
2McKinley County$1,738,400
3Dona Ana County$1,250,000
4Bernalillo County$982,143

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