Wilson, North Carolina – RDP awarded $19.5 million in New Markets Tax Credit (NMTC) financing to Potters Industries, LLC, a manufacturer of glass beads specializing in retroreflective highway safety products. The rural community of Wilson (NC) was devastated by the closure of a local manufacturing plant in 2023, losing many jobs and economic opportunities. NMTC financing will help expedite the site …
Crown Equipment Corporation
Kinston, NC – Rural Development Partners allocated $17.5 million, and Five Points Community Capital $7.5 million in New Markets Tax Credit allocation to help Crown Equipment finance the timely acquisition, modernization, and equipping of a vacated 255,295 SF building adjacent to its current facility. The shuttered plant left 159 employees without a job and little employment opportunity in rural Lenoir …
Food Bank of Central & Eastern NC’s Wilmington Branch
Wilmington (NC) – Rural Development Partners allocated $12.5 million in New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch. The investment enabled the Food Bank to complete construction without delay while directing more capital toward operations. The new facility triples the size of Wilmington’s old location, allowing …
