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 …
Rural Development Partners Helps Wilmington Food Bank Expand
Forest City, IA – Rural Development Partners allocated $12.5 million in New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch. The investment enabled the Food Bank to complete construction without delay while directing more capital toward operations. The new facility triples the size of Wilmington’s old …
Rural Development Partners Awarded $45 Million in New Markets Tax Credits
Rural Development Partners (RDP) was awarded $45 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. This is RDP’s eleventh NMTC award since the company’s inception in 2004, totaling $701.7 million. RDP has financed 44 projects to date, spurring economic growth, providing food access, and creating quality jobs accessible to low-income workers in underserved communities …
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 …
