Make New Markets Tax Credit a Permanent Part of the Tax Code

Please join Rural Development Partners (RDP) in encouraging Congress to make the New Markets Tax Credit (NMTC) a permanent part of the Federal Tax Code. The NMTC Program has been vital to the nation’s economy and low-income communities since established by Congress in December of 2000. NMTCs have spurred $8 of private investment for every $1 of Federal funding, revitalizing …

RDP Invests $15 Million in NMTCs to Help Food Bank of the Rockies Expand

AURORA, Colorado – Rural Development Partners is honored to invest $15 million in New Markets Tax Credit (NMTC) financing to help Food Bank of the Rockies expand their distribution center to Aurora, Colorado. A total of $55.5 million in NMTCs from five Community Development Entities (CDEs) will serve as a key funding source, addressing critical needs of the region, particularly …

RDP Partnered with Bongards to Expand Farmer Opportunities in America’s Heartland

PERHAM, MINNESOTA –Rural Development Partners (RDP) was pleased to award Bongards Creameries $20 million in New Markets Tax Credit financing for equipment toward the expansion of their cheese and whey processing facility in Perham, Minnesota. The funding will allow Bongards to increase production capacity, improve efficiency & quality, and increase milk purchases while improving outcomes for regional farmers. The project …

RDP/Delco Grant Spurs Workforce Development in Lamar County Texas

Forest City (IA) – Rural Development Partners (RDP) was honored to provide a matching funds grant with NMTC partner Delco Trailers for the enhancement of workforce development initiatives in Lamar County, Texas. The $180,000 grant was given through RDP’s Community Investment Program, designed to promote workforce development that helps low-income residents receive the training they need to obtain a quality …

$150,000 Workforce Development Grant Awarded for Lincoln County TN

Forest City (IA) – Rural Development Partners and AriensCo (Fayetteville, TN) awarded a matching funds grant of $150,000 to spur workforce development initiatives in Lincoln County, Tennessee. This grant was given as part of Rural Development Partner’s “Community Investment Program” in which RDP makes an equal private investment alongside our NMTC partner to encourage workforce development in the regions we serve. …

CDFI Awards Rural Development Partners $50 Million in NMTC Authority

Forest City, Iowa – Rural Development Partners (RDP) was awarded $50 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. This is RDP’s twelfth NMTC award since the company’s inception in 2004, totaling $751.7 million. RDP has financed 47 projects to date, spurring economic growth, providing food access, and creating quality jobs accessible to low-income workers …

Rural Development Partners Featured on America’s Heartland Public Television Broadcast

Forest City, Iowa – Rural Development Partners (RDP) was honored to partner with America’s Heartland to educate America about the federally funded New Markets Tax Credit (NMTC) program. The episode aired on RFD-TV today (April 26th), featuring four NMTC partners who share how they learned about the program, how the investment works, and join their communities in giving testimony to …

Rural Development Partners NMTC Investment in AriensCo Brings Jobs to Tennessee

Forest City, Iowa – Rural Development Partners invested $15 million in New Markets Tax Credits (NMTC) to help Ariens Company revitalize an abandoned facility, bringing 350 new quality jobs to the Fayetteville, Tennessee community along with catalytic economic and workforce development opportunities for the region. Other NMTC partners include Legacy Economic Growth Fund ($12MM), Waveland Community Development ($10MM), MuniStrategies ($13.5MM), …

Rural Development Partners Helps Crown Equipment Bring Jobs to America

Forest City, IA – Rural Development Partners allocated $17.5 million, and Five Points Community Capital $7.5 million in New Markets Tax Credits to help Crown Equipment finance the timely acquisition, modernization, and equipping of a vacated 255,295 SF building adjacent to its current facility in Kinston (NC). The shuttered plant left 159 employees without a job and little employment opportunity …