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The only grant awarded in the county was $75,000, to Myrtle Beach.
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 South Carolina in 2020.
Total awarded by county in South Carolina (2020)
Rank | County | Total |
---|---|---|
1 | Colleton County | $19,590,000 |
2 | Chesterfield County | $1,030,140 |
3 | Charleston County | $736,677 |
4 | Sumter County | $400,000 |
5 | Horry County | $75,000 |