Rural Development Partners Helps Crown Equipment Bring Jobs to America

Forest City, IA – Rural Development Partners allocated $17.5 million, and Five Points Community Capital $7.5 million in New Markets Tax Credits to help Crown Equipment finance the timely acquisition, modernization, and equipping of a vacated 255,295 SF building adjacent to its current facility in Kinston (NC). The shuttered plant left 159 employees without a job and little employment opportunity …