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 …