NMTC Financing with Rural Development Partners

What is it like to work with Rural Development Partners (RDP) to finance a rural expansion through New Markets Tax Credits? We think this three-minute video and the short article below provide a unique perspective into NMTC financing that benefits organizations, communities, and workforce. Who is Rural Development Partners? Rural Development Partners’ mission is to forge public-private partnerships for catalytic …

Does My Company Qualify for New Markets Tax Credits?

Any company preparing for expansion must develop the right financing strategy. If your company is considering expansion in a low-income area, New Markets Tax Credits (NMTCs) may be a helpful tool. NMTC financing offers lower interest rates and more flexible terms than conventional financing and can help small companies expand while simultaneously supporting economic development in low-income communities. How do …

Rural Development Partners receives $65 Million NMTC Award

(Forest City, IA) July 15, 2020:  Rural Development Partners (RDP) is proud to announce receiving $65 million in New Market Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. The NMTC program allows RDP to provide flexible financing options that support the health and sustainability of highly distressed rural communities throughout America. This is RDP’s ninth NMTC award for …

Rural Development Partners Welcomes Linda Upmeyer to Governing Board

(Forest City, IA) July 17, 2020: Rural Development Partners (RDP) is pleased to announce that Linda Upmeyer has joined the RDP Governing Board. Linda is completing her ninth, and final, term in the Iowa Legislature where she most recently served as Speaker of the House from 2016-2020. Prior to becoming Speaker, Linda led the caucus as House Majority Leader from …

Novogradac Journal of Tax Credits: NMTC CDEs, Investors, Developers Role in the Economic Recovery After the Pandemic

Rural Development Partner’s CEO, Jonathan Klaasen, was recently interviewed by Novogradac for the June 2020 Journal of Tax Credits on the subject of NMTC CDEs integral role in stabilizing and rebuilding the American economy during and after the COVID-19 global pandemic. “From a rural perspective, I’ve been inspired by the response of food banks,” said Klaassen. “The pandemic is highlighting …

RDP Investments Respond to the Pandemic – Creating Resilient Communities in Times of Crisis

Atlanta Community Food Bank

Rural Development Partners (RDP) works closely with New Market Tax Credit (NMTC) project stakeholders to manage risk and maximize impact. Led by team members with solid relationship lending experience, RDP has a strong track record of successful investments; however, some risks are clearly unpredictable – such as a global pandemic.  RDP’s focused prioritization and underwriting process helps ensure that the …