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 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 …
