Westervelt Lumber

RDP contributed $9.31MM in QLICI’s to the Westervelt Company for the construction and equipping of a wood milling facility in rural Thomasville, AL. The lumber mill created 125 new jobs of which 104 are accessible to Low-Income Persons with average wages of $40,612.  Westervelt is working on curriculum with the Alabama Career Center and Coastal Alabama Community College to provide …

Super-Pufft Snacks, USA

RDP extended a $21.07MM QLICI (100% of total QLICI) to the SuperPufft project in a rural LIC of Perry, FL experiencing an unemployment 1.88x the national unemployment rate. The investment allowed for the equipping of the newly acquired snack manufacturing facility, created 275 jobs and retained 122 jobs for a total of 397. Of the total, 357 (90%) were LIP …

West Virginia Great Barrel Company

RDP invested $15 Million of its New Markets Tax Credits allocation for WVGBC to construct a new barrel manufacturing facility in White Sulphur Springs, WV. White Sulphur Springs and the region surrounding the new cooperage has a substantial population of unemployed, underemployed and low-income citizens, in large part to due disappearing industries such as forestry and coal mining. Furthermore, the …

Atlanta Community Food Bank

  RDP partnered with The Reinvestment Fund, Kroger, and PNC Bank to provide the Food Bank $46MM in New Markets Tax Credit Financing to construct and operate a new 350,000 SF warehouse and distribution facility in East Point, GA. The new facility will allow the Food Bank to double its distribution of food to those in need. The Food Bank …

Sherwood Forest

Located on 478 acres in rural Missouri, Sherwood Forest Camp provides comprehensive, year-round enrichment programs for children in low income communities, aged 6-18 from St. Louis City and County (over 100,000 youth served since its inception). One of only two month-long residential camps in the U.S. serving this population, Sherwood Forest delivers exceptional outcomes for its campers: 100% graduate from …

Bongards Creameries

Humboldt, Tennessee Humboldt, Tennessee may be best known for 80 years of hosting the annual West Tennessee Strawberry Festival.  Like many towns in rural America, Humboldt’s greatest resource is its people, which is why a 13% population decline since the 2000 census hurt so much (9467 residents in 2000 to 8235 in 2016).  The Great Recession saw the loss of …

Lopiwa

This project involves the transformation of former sugar plantation land into a eucalyptus plantation, the construction of a new, state-of-the-art veneer mill and the conversion to biomass fuel of two oil-fired electric generation plants. This project realizes economic goals of the state of Hawaii to revitalize the economy and environment. The Tradewinds Veneer Mill constructed will create approximately 75 construction …

American Processing Inc.

American Process, Inc., utilized New Market Tax Credits to create 20 new jobs for a biorefinery project at its Alpena, Michigan plant site. The proposed project includes the new construction of a biorefinery where API will employ a modified version of its Green Power+ (patent pending) process whereby an extraction and ethanol production modules are added to the front of …

New England Forestry

In 2005, a small group of investors recognized the importance of the lumber industry in Maine. The wood industry is one of the largest employers in the state, accounting for approximately 19,000 jobs. The group of investors utilized New Markets Tax Credits to enhance the credit terms of their forested land purchase, which accounts for 2.25% of all wood harvested …

Allegheny Forestland

Allegheny Wood Products, Inc. operates six sawmills in three states. Coastal Lumber Company operates fifteen sawmills in five states. Both companies are long-established, family-owned, integrated timberland and sawmill operators. Together, these mills employ more than 1,200 people in low-income areas. These two companies run 23 operations in 22 communities, a major source of employment in the region. However, the national …