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The EDA Regional office of Atlanta awarded an Opportunity Zone grant to Walterboro on Apr. 2, 2020 with a total project amount of $19,590,000 from the US Economic Development Administration.
The U.S. Economic Development Administration offered the following description of this project: This EDA investment funds renovations of the city s wastewater treatment plant by supporting the expansion of infrastructure for an employer in Walterboro County, South Carolina, a designated Opportunity Zone. The expansion will provide long-term benefits to the local economy in the event of future disasters, providing the region with opportunities to diversify the economy through the attraction of foreign direct investments, and expanding the business of local industries. In addition, the project will create economic resiliency by strengthening the regional economy, supporting private investments, and creating jobs throughout the region.