Momeni & Sons, Inc.

Adairsville, GA – RDP allocated $7MM in New Markets Tax Credits to help Momeni, an importer of high quality Persian rugs construct, equip, and operate a new 300,000 SF distribution center in Adairsville (GA). The facility will serve as the centralized import and distribution hub for their expanded customer base in the Southeast, creating 98 quality jobs, many indirect jobs, …

Alstom

Hornell (NY) – RDP allocated $10MM in NMTCs 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 community ready for growth. Alstom’s new build will encompass …

Audubon Metals Texas LLC

Corsicana, TX – RDP allocated $14MM in New Markets Tax Credits to help Audubon Metals Texas LLC expand operations to Corsicana, TX, creating quality jobs in a rural qualified region while mitigating financial risk amid economic uncertainty that was exacerbated by the COVID pandemic. This NMTC allocation was used to help finance real estate, construction, and equipment for the new …

Mississippi Silicon

Burnsville, Mississippi began a railroad town in the 1830s bringing industry and settlement to the region with rail, highway, and waterway access. During the 1990’s, Tishomingo County lost approximately 2,500 manufacturing jobs.  As the economy began to once again climb in the 2000’s with an increase in manufacturing, the Great Recession hit causing a rapid increase in unemployment. By 2013, …