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Adobe Stock
The U.S. Economic Development Administration offered the following description of this project:
"This EDA investment supports the Alaska Native Heritage Center with developing a 5-Year Statewide Cultural Tourism Plan, an interactive cultural tourism map, and a feasibility study and business plan model. The purpose of the cultural tourism plan is to bring together the public and private sectors to diversify and strengthen the state-wide economy by enhancing Alaska's cultural destination brand and increasing the annual economic contribution from tourism. The Alaska Native Heritage Center's website will display developed Indigenous cultural tourism activities and services on an interactive map inviting guests to engage in Alaska's cultural tourism. The feasibility study and business plan are a tool to assist entrepreneurial development in cultural tourism that will provide sustainable income for Native Alaskans while decreasing the unemployment rate and stabilizing the economy."
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 |
|---|---|---|
| Washington | $15,000,000 | Sept. 28 |
| Long Beach | $11,200,000 | Feb. 26 |
| Camas-Washougal | $7,000,000 | Sept. 28 |
| Stevenson | $5,068,000 | Sept. 25 |
| NDC Economic Development Lending, Inc. | $4,812,500 | Sept. 28 |
| Hermiston | $2,924,000 | Sept. 8 |
| Idaho State University | $2,839,941 | Feb. 5 |
| Orange Cove | $2,428,500 | July 28 |
| Spokane Tribe of Indians | $1,800,000 | July 24 |
| Odessa | $1,632,007 | Apr. 22 |
| Coquille Indian Tribe | $1,561,074 | Nov. 25 |
| Kenai Peninsula Economic Development District | $800,000 | Dec. 7 |
| Willamette Partnership | $596,087 | Sept. 2 |
| Northern Arizona University | $437,588 | Sept. 28 |
| North Olympic Peninsula Resource Conservation and Development Council | $420,000 | May 5 |
| Greater Eastern Oregon Development Corporation | $375,000 | Aug. 24 |
| St. Paul | $227,922 | Sept. 24 |
| Napa | $189,675 | Dec. 8 |
| Clarkston | $110,000 | Feb. 13 |
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