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.
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Rural Development Partners Core Competencies
Rural Development Partners (RDP) leverages its Core Competencies to build public-private partnerships for catalytic job growth in rural America through the following strategies:
- Strategic Execution: Rural Development Partners’ strategic focus and nimble organization structure drive high quality and efficient decisions. RDP’s credit experience, policies, and operational controls result in positive client experiences.
- Community Engagement: Rural Development Partners interviews community members, commissions impact studies, develops local community advisory boards and forges public-private partnerships – all with the goal of engaging the community as partners in maximizing the impact of NMTC projects.
- Communicating the Complex: The Rural Development Partners team members, together with RDP’s outside impact partners, leverage their backgrounds in education, relationship lending, marketing, data management, and impact reporting to present complex value propositions and project impacts in clear and memorable ways.
Rural Development Partners Core Values
Rural Development Partners (RDP) uses its Core Values to find solutions to navigate the complex challenges of the NMTC industry:
- Honesty: Rural Development Partners values honesty and transparency in our business dealings. We mean what we say, and we say what we mean.
- Integrity: The Rural Development Partners team works to continually maintain the integrity of its internal operations and external client services - making the complex comprehensible for all stakeholders throughout the project life cycle.
- Prioritizing People: Rural Development Partners views organizations and NMTC projects as people serving people. Programs and strategies are the tools, but success comes when dedicated, caring people find innovative ways to create value for the benefit of their fellow citizens.
- Building Relationships: Rural Development Partners cares about building strong mutually beneficial relationships with clients and community members on every project. RDP leverages the power of public-private partnerships to drive catalytic impact and to effectively meet the prioritized and previously unmet needs of stakeholder communities.
- Maximizing Impact: Rural Development Partners prioritizes qualitative and quantitative impact. RDP is committed to creating, measuring, and sharing impact with all stakeholders, driving a transparent feedback loop that maximizes total project impact.
