Rural Development Partners is a Community Development Entity (CDE) with a nationwide service area. We utilize the New Market Tax Credit (NMTC) program to help organizations relocate and expand operations in distressed rural communities. RDP investments create catalytic impact through job creation, economic growth that induces additional private capital investment, workforce training opportunities, and increased food access for Rural America. We partner with organizations who take-action to invest and support their local communities.
RDP is eligible to apply for an annual allocation of Federal New Market Tax Credits (NMTC) awarded by the CDFI. Our reputation and demonstration of good stewardship has won nine NMTC awards from the US Treasury totaling $606.7 since 2004. We work to combine NMTCs with bank loans and tax credit investors to create a more favorable financing solution than what is available through conventional lending and investing. We have used NMTC financing to help more than 30 businesses and organizations across the nation complete projects that provide access to quality jobs and healthy food. View our Impact
· RDP’s Community Investment Program funds local workforce development initiatives to help low-income persons access the quality jobs NMTCs bring to our communities.
According to the CDFI Fund, from the years 2000 to 2016, every $1 invested in the NMTC Program by the Federal government has generated over $8 of private investment. See the CDFI’s 2018 NMTC Fact Sheet to learn how businesses and communities benefit from the Program.
To learn how NMTC financing with RDP, see our Blog.