NMTC Partnership to Anchor Economic Boost in Northwest Georgia

Rural Development Partners (RDP) allocated $7 million in New Markets Tax Credits (NMTC) to Momeni and Sons to construct, equip, and operate a new distribution center in Adairsville, Georgia. The new 300,000 SF facility will serve as a centralized import and distribution hub for Momeni’s expanding customer base in the Southeast, creating 98 quality jobs, many indirect jobs, and anchoring …

NMTC Partnership Brings Jobs to America

  Rural Development Partners of Forest City (IA) allocated $10 million in New Markets Tax Credits (NMTC) to help Alstom expand their specialized manufacturing equipment line to rural America and continue investing in Hornell (NY) as a key long-term U.S. railcar manufacturing hub. This project will create 258 quality jobs, retain 390, and generate 50 construction jobs in a rural …

NMTC Expansion of Freestore Foodbank

Rural Development Partners of Forest City (IA) allocated $15 million in New Markets Tax Credits (NMTC) to Freestore Food Bank (FSFB) of Cincinnati (OH). The funding will help expand the capacity and efficiency of the distribution center to fight food insecurity in a twenty-county tri-state region. FSFB is the largest emergency food and service provider in Greater Cincinnati, Northern Kentucky, …

NMTC Partnership Creates Jobs in Texas

Rural Development Partners (RDP) of Forest City (IA) allocated $18 million in New Markets Tax Credits (NMTC) to help Delco Trailers expand operations in rural Texas, create 300 quality jobs. Funding will be used to construction a new 550,000 SF trailer manufacturing facility in Paris (TX). The new facility is expected to create 300 quality jobs, retain 115, and provide …

$90,000 Workforce Development Grant Awarded to Arkansas Northeastern College

Rural Development Partners (Forest City, IA) awarded a $90,000 workforce development grant to Arkansas Northeastern College (Blytheville, AR) to support industrial education in the region while setting the stage for economic growth and development. Community Investment Program Rural Development Partner’s (RDP), through their Community Investment Program, worked with Arkansas Northeastern College (ANC), identifying the need for heavy equipment operators to …

$140,000 IMT Educational Grant Awarded to Corsicana High School, Navarro College & Foundation

Rural Development Partners (Forest City, IA) and NMTC partner Audubon Metals (Corsicana, TX) awarded a matching funds grant of $140,000 to strengthen workforce development in the Corsicana region. Workforce development is one of the primary challenges companies and communities face today. As manufacturing processes continue to evolve through advances in technology, the importance of a trained and skilled workforce is …

Rural Development Partners Receives $50 Million NMTC Award

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 tenth NMTC allocation award since the company’s inception in 2004, totaling $656.7 million. RDP directs NMTCs to spur economic growth, provide food access, and create quality jobs accessible to low-income workers in underserved communities throughout America. …

$100,000 Workforce Development Grant Awarded to Barnwell County (SC)

Rural Development Partners (Forest City, IA) and NMTC partner Cascades (Barnwell, SC) awarded a matching funds grant of $100K toward workforce development initiatives for Barnwell County, a region dominated by manufacturing, agriculture, and service industries. Barnwell is one of seven counties represented by the SouthernCarolina Alliance, a regional nonprofit organization providing economic development marketing and recruitment in the Lower Savannah …

$175,000 Grant will Revitalize High School Vo-Tech Programs in Gibson County, TN

Rural Development Partners (Forest City, IA) and NMTC partner, Bongards (Humboldt, TN) awarded Gibson County high schools a matching funds grant of $175,000 to strengthen workforce development. Funds are revitalizing high school technical programs across Gibson County, boosting student opportunities for successful careers. Since initiating the grant in December of 2020, Vo-tech programs are coming to fruition, energized to create …

Rural Development Partners Welcomes Bill Northey to the Governing Board

Forest City, IA – July 7, 2021: Rural Development Partners (RDP) is pleased to welcome Bill Northey to the Governing Board. Bill and his wife, Cindy, reside in the Des Moines area where he serves as Principal at WHNorthey LLC, providing agriculture consulting in conservation and sustainability. From 2018-2021, Bill served as Under Secretary for Farm Production and Conservation (FPAC) …