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 …
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 …
Rural Development Partners Receives $50 Million NMTC Award
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 tenth NMTC allocation award since the company’s inception in 2004, totaling $656.7 million. RDP directs NMTCs to spur economic growth, provide food access, and create quality jobs accessible to low-income workers in underserved communities throughout America. …