Vision

Quality Job Access for Rural America


Mission

Forging Public-Private Partnerships for Catalytic Job Growth in Rural America

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Strategies

RDP will use its allocation of New Markets Tax Credits to:

  • Provide incentives for investment in rural businesses located in low-income and financially distressed rural communities.
  • Reduce interest rates and/or provide other preferential terms for credit provided to rural businesses located in low-income and financial distressed rural communities.

Focus

The focus of RDP is on operating businesses that create significant, high quality jobs that are accessible to Low-Income Persons (LIP) or residents of Low-Income Communities in rural, highly distressed areas. Preference will be given to manufacturing, distribution and processing businesses as well as businesses that serve rural food deserts with fresh and healthy foods.

RDP Core Competencies

RDP leverages its Core Competencies to build public-private partnerships for catalytic job growth in rural America through the following strategies: 

  1. Creating high quality jobs in low-income communities (LICs) through New Markets Tax Credits;
  2. Inducing additional supply chain investment and private capital investment in LICs;
  3. Making quality jobs more accessible to low-income persons (LIPs) by building workforce capacity in rural low-income communities;
  4. Helping LIPs thrive in quality jobs by increasing access to healthy foods for low-income / low-access rural residents.
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  • What is RDP?

     

    As a CDE with a national service area, RDP is eligible to apply for an annual allocation of Federal New Markets Tax Credits (NMTCs). From 2004 through 2018, RDP has won eight NMTC awards from the U.S. Treasury totaling $541.7 million. RDP works to combine NMTCs with bank loans and tax credit investor funds to create more favorable financing solutions than are available through conventional lending and investing. To date, RDP has used NMTC financing to help more than 30 businesses and nonprofits across the nation complete projects that provide access to quality jobs and healthy foods. View our Impact

    RDP seeks to serve and partner with businesses, non-profit organizations, communities, and government entities that share its mission to build public-private partnerships for catalytic job growth in rural America. 

    To learn more about partnering with RDP, check out the RDP Lead Guide.

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    Our Owners

    agventuresalliance.com

    agvafoundation.com

    RDP is a Community Development Entity (CDE) with a mission to Revitalize Rural America through partnerships with communities, businesses, and government (see About). RDP is owned by Ag Ventures Alliance (AgVA) and AgVA Foundation www.agventuresalliance.com.

    In 1998, a group of farmers and others who cared about the future of agriculture formed AgVA as a cooperative to create and sustain value-added agriculture businesses. AgVA Foundation donates and provides grants to individuals and organizations working to promote agriculture and ag business.

    AgVA saw NMTCs as an opportunity to serve a rural mission parallel to its own. From this opportunity, RDP was formed in 2004 to serve the mission of Revitalizing Rural America. RDP distributes earnings beyond its operational needs to AgVA and AgVA Foundation, and these two entities reinvest or donate to further value-added ag businesses in America.