RDP Allocates $20MM in NMTCs to Bring Quality Jobs to Tifton, GA

Tifton, GA – Rural Development Partners (RDP) partnered with Coca-Cola Bottling Company United, Inc. to equip a new state of the art facility and bring quality jobs to Tifton, GA. Coca-Cola UNITED is engaged in the production, marketing and distribution of a diverse portfolio of leading sparkling (Coca-Cola®, Diet Coke®, Coke Zero Sugar®, Dr Pepper®, Sprite®, Fanta® and AHA®) and …

Rural Development Partners Welcomes Debra Shoaf to Advisory Board

(Forest City, IA) November 9, 2020:  Rural Development Partners is pleased to welcome Debra Shoaf to its New Markets Tax Credit (NMTC) Advisory Board. Debra oversees the finance, risk management, and real estate functions for Atlanta Community Food Bank. The Food Bank is a $160MM+/year organization that is on target to procure and distribute over 100 million pounds of food …

New Market Tax Credit Instrumental in Expansion of Pennsylvania Food Bank

Forest City, IA  Rural Development Partners (RDP) is pleased to announce their partnership with Greater Pittsburgh Community Food Bank (GPCFB) to expand healthy food distribution in the 11-county area they serve. RDP will allocate $16 million of New Market Tax Credits (NMTC) to renovate and expand the Duquesne, Pennsylvania Food Bank; serving as headquarters to more than 400 partner agencies …

Public-Private Partnership Grants $100,000 For Workforce Training Lab

Forest City, IA  Rural Development Partners (RDP), together with Tishomingo County based manufacturer Mississippi Silicon, provided Northeast Mississippi Community College with $100,000 to revitalize its workforce training lab. See press release. RDP allocated $20MM in New Markets Tax Credit (NMTC) financing in 2014 to help MS Silicon build and operate a silicon metal production facility. See the great impacts this …

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 Klaassen, 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 …