SafeRack

Andrews, SC – SafeRack is a wonderful example of high tech manufacturing in rural America.  RDP was pleased to provide $15 million in NMTC allocation to make the new plant possible. The project is located in a distressed rural census track in Andrews, SC and is also located within a South Carolina State Enterprise Zone and is a FEMA-designated Major …

Cascades f/k/a Orchids Paper

Barnwell, SC – Rural Development Partners provided $15 million in New Markets Tax Credits funding to solidify construction of a new integrated production facility near Barnwell, South Carolina. Orchids Paper Products Company, a leading provider of high quality consumer tissue, created 134 new jobs with the expansion of the Pryor, Oklahoma, based Orchids and will serve the East Coast of the …

Pinelands

Allendale, SC – The project consists of the development of two identical 21 MW biomass generation facilities which will convert wood pulp and debris into electricity for use throughout South Carolina. Southeast Renewable Energy, LLC (“SRE”) currently owns the project, but SRE intends to transfer its current 100 percent ownership of the two plants to enXco Development Corporation (“enXco”). Both …

Food Bank of Northeast Georgia

Athens, GA – The Food Bank of Northeast Georgia was founded in 1992 in an effort to end hunger in northeast Georgia. The Food Bank’s 14‐county service area (5 metro, 9 non‐metro) has an annual meal gap of 18 million lbs (14 million meals), of which it fills 12 million lbs. New Markets Tax Credits from Rural Development Partners is …

Nemak

Sylacauga, AL – RDP invested $20 million in NMTCs to help Nemak expand and preserve its manufacturing presence in Sylacauga, Alabama. It is difficult to overstate the importance of Nemak’s continued operation and success to the rural Sylacauga, AL community. Nemak is the second largest manufacturer and employer in this rural highly distressed community, and had suffered from thousands of …

Westervelt Pellets

Aliceville, AL – Westervelt Company received $55.5 million in NMTC from WNC and Associates, Wells Fargo Bank N.A., Rural Development Partners and CEI for the Westervelt Pellet project to construct a $71 million wood pellet manufacturing facility. Wood pellets burn with a carbon footprint significantly less than that produced by burning coal, making it a sought-after renewable energy source. Development …

DOT Foods

Dyersburg, TN – Dot Foods, the nation’s largest food distributor, revitalized a rural community that lost more than 3,000 manufacturing jobs between 2010-2013. The company partnered with RDP for $11.4MM in NMTC allocation to construct a new 167,000 square foot warehouse facility and garage for their trucking fleet. The new facility serves as a logistics hub for the southern U.S. …

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, …

Louisiana Forestlands

Lort Barre, LA – Louisiana is a national leader in the forestry industry, employing more than 17,000 people in wood manufacturing. However, the forestry industry has been reeling since Katrina and then a downturn in demand. This financial downturn severely affected the Roy O. Martin Company. Historically, the Martin Company has focused on southern pine forests and softwoods, but was facing …

WATCO f/k/a Mid-River Terminal

Osceola (AR) – Rural Development Partners invested $18 Million in NMTC financing to construct a new terminal facility in Osceola, AR.  WATCO f/k/a Mid River Terminal (MRT) is a material handling company that specializes in unloading, processing and inventory management of scrap metal delivered to the company by barge. Being strategically located on the Mississippi River allows for direct barge …