Rural Development Partners (RDP) and NMTC Partner Nemak awarded a $200,000, matching funds grant to strengthen educational opportunities and families in rural Sylacauga and Talladega County, Alabama. Prior to establishment of the RDP/Nemak partnership (2017), the community suffered the loss of thousands of jobs. Approximately 46% of Sylacauga residents survived on household earnings less than $30,000 per year with much …
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
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 in light of …
RDP Partnered with Bongards to Expand Farmer Opportunities in America’s Heartland
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 is expected …
RDP/Delco Grant Spurs Workforce Development in Lamar County Texas
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 job, while building a …
$150,000 Workforce Development Grant Awarded for Lincoln County TN
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. “We couldn’t be …
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
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), and Wells Fargo Community …
