Log in Sign up {{featured_button_text}}The federal government gave a $350,000 grant to Northern Arizona University to support the establishment of a workforce development program focused on forest products. The grant was awarded by the U.S. Department of Commerce's Economic Development Administration (EDA), that will be matched with $97,588 in local investment. The funding will catalyze private investment in a nearby opportunity zone, spurring economic development in economically-distressed communities nationwide. Opportunity zones were created by President Donald Trump from the Tax Cuts and Jobs Act of 2017 to spur economic development in economically-distressed communities nationwide. In June 2019, opportunity zones became an investment priority which increases the number of projects the EDA can fund to fuel greater public investment.

Source: Daily Sun September 28, 2020 21:33 UTC