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.
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.