EMPORIA, VA – RDP invested $12 million in New Markets Tax Credits to help Carolina Structural Systems (CSS) construct and equip a new manufacturing facility in rural Emporia, Virginia. Expansion of operations brings 58 new jobs, economic development, and growth to Virginia’s forest products sector. NMTC investor for the project is Regions. “Rural Development Partners is honored to help Carolina …
Western Smokehouse Partners LLC
MEXICO, MO – RDP awarded NMTC allocation to Western Smokehouse Partners (WSP) as they expand operations to Mexico, Missouri. The expansion will create 377 new jobs and spur much needed economic development. Other NMTC partners include Heartland Renaissance Fund, Mid-City Community, and Capital One (Investor). New Markets Tax Credits were instrumental in WSP’s decision to expand to this region, enabling …
Great Plains Food Bank
NORTH DAKOTA – Rural Development Partners awarded $20 million in NMTC allocation to Great Plains Food Bank to support construction of a statewide distribution center in Fargo, North Dakota. Financing will help complete construction without delay while avoiding unnecessary strain on the food bank’s day-to-day operational resources. Great Plains Food Bank partners with 205 organizations including food pantries, shelters, meal …
PackEx USA
Marianna, Florida – PackEx USA is an innovative start-up company built on a foundation of innovation and consistent quality, was inspired to address a critical gap in sustainable bottling while creating jobs and economic opportunity for a region devastated by hurricane. RDP allocated $20 million to expedite the recovery of a community in urgent need of an economic boost and …
MagPro LLC
Camden, Tennessee – RDP awarded $17.5 million in New Markets Tax Credit (NMTC) financing to MagPro, LLC, a Nonferrous Metal Production and Processing corporation located in Camden, Tennessee. Funding will enable the purchase of parts necessary to construct 5-7 vacuum furnaces, driving expansion and growth for the company while creating an additional 150 quality jobs in rural Benton County. RDP …
Potters Industries
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 …
Central Texas Food Bank
Waco, TX – Central Texas Food Bank was founded in 1981 with a mission to nourish hungry people and lead the community in the fight against hunger. The Food Bank has grown to serve 21 counties (15 rural) across Texas, covering 19,000 square miles. The organization strives to provide Central Texans with immediate access to nutritious food and empower them …
Tate Access Flooring
St. Paul, Virginia – For over 60 years, Tate has been a global manufacturer of airflow management solutions providing essential data center products like structural ceilings, structural and non-structural containment solutions, and raised access flooring. Tate’s product demand was on the rise as the data center industry surges. Industries are digitizing information while artificial intelligence services, telecommuting, video streaming, cloud …
ERMCO
Dyersburg, TN – Rural Development Partners (RDP) awarded $15 million in NMTC financing to Electric Research Manufacturing Cooperative, Inc. (ERMCO) for the expansion and equipping of their Dyersburg (TN) facilities. This allocation is part of a $54.1 million NMTC package involving MuniStrategies/$13MM, Cadence/$10MM, Pathway/$9MM, and GrowAmerica/$7.1MM. The strategic investment is expected to create an estimated 400 quality jobs at ERMCO, …
Food Bank of the Rockies – Aurora CO
AURORA, Colorado – The Food Bank of the Rockies was established in 1978 and has grown to become the largest hunger relief organization in the Rocky Mountain region. The Food Bank serves over 800 partner organizations in 55 counties (42 rural) encompassing the entire state of Wyoming and a substantial portion of northern Colorado. Over 18,000 volunteers assist with sorting …
