Read More
RDP Partners with Carolina Structural Systems to Boost Jobs and Forestry in Virginia
Posted on July 14, 2026EMPORIA, VA – Rural Development Partners (RDP) invested $12 million in New Markets Tax Credits (NMTC) 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 ...
Read More
RDP Invests in Western Smokehouse Expansion to Mexico, Missouri
Posted on June 4, 2026MEXICO, MO – Rural Development Partners awarded New Markets Tax Credit (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). “Rural Development Partners is proud to partner with Western ...
Read More
RDP Allocates $20 Million in NMTCs for New Great Plains Food Bank Facility
Posted on June 1, 2026NORTH DAKOTA – Rural Development Partners awarded $20 million in New Markets Tax Credit (NMTC) allocation to Great Plains Food Bank to support construction of its future 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. Other NMTC project partners include Chase New Markets ...
Read More
RDP Allocates $20 Million in NMTC to Help PackEx Expedite Hurricane Recovery for Florida Community
Posted on May 20, 2026Rural Development Partners allocated $20 million in New Markets Tax Credit (NMTC) financing to PackEx USA, an innovative start-up company in Marianna, Florida, inspired to address a critical gap in sustainable bottling while creating jobs and economic opportunity for a region devastated by hurricane. The financing is part of a larger NMTC package with River Gorge Capital ($12 million), HEDC ...
Read More
RDP Receives $90 Million NMTC Award, Boosting Economic Development for Rural America
Posted on December 26, 2025Forest City, Iowa – Rural Development Partners (RDP) was honored to receive $90 million in New Markets Tax Credit (NMTC) allocation authority from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund). This is RDP’s fourteenth award totaling $906.7 million. RDP has helped more than 50 businesses & nonprofits lower borrowing costs, enhance liquidity, and create jobs ...
Read More
NMTCs Solidify Alstom’s U.S. Hub – Breathing New Life into Rural America Community
Posted on June 10, 2025Rural Development Partners (RDP) celebrates NMTC Partner Alstom as they open their newest Plant 4 operations to begin production of railcar shells in rural Hornell, New York. Alstom invested over $100 million in their Hornell facilities over the last five years, solidifying its position in the U.S. as a key manufacturing hub for commuter rail systems and a major employer ...
Read More
RDP/MagPro Partnership Brings Production and Jobs to America
Posted on April 15, 2025Rural Development Partners (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 ...
Read More
NMTCs Help Potters Revive Production & Jobs in Wilson (NC)
Posted on April 3, 2025Rural Development Partners (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 ...
Read More
NMTCs Help Central Texas Food Bank Expand Waco Facility
Posted on February 12, 2025Rural Development Partners awarded $18 million in New Markets Tax Credit financing to Central Texas Food Bank (CTFB) for the expansion of a 65,000 square foot facility strategically located in Waco, Texas. The new facility will serve nine of CTFB’s most food insecure counties, five of which are rural. The investment will create/retain 171 FTE jobs (28 new) and 59 ...
Read More
NMTCs Help Tate Boost Infrastructure Manufacturing in Southwest Virginia
Posted on February 4, 2025Rural Development Partners awarded $10 million in New Markets Tax Credit financing to Tate Access Floors, Inc. for the renovation of a vacated facility in rural St. Paul, Virginia. The facility had been vacant for 15 years, now a state-of-the-art manufacturing hub and cornerstone for future growth and prosperity in Russell County. The facility will bring over 170 quality FTE ...
Read More
RDP Welcomes John Reiher to the Governing Board
Posted on December 2, 2024Rural Development Partners is honored to welcome Director John W. Reiher to the Governing Board. Mr. Reiher will bring valued perspective to Rural Development Partners through his dynamic leadership experience and ability to develop effective strategies that grow business and sustain profitability. Reiher most recently led Strategy & Business Development at Deere & Co, a Fortune 80 global manufacturer in ...
Read More
$70,000 Grant Provides Workforce Training in Northwest Georgia
Posted on November 22, 2024Rural Development Partners (RDP) and NMTC Partner Momeni & Sons awarded a $70,000 matching funds grant to boost workforce development initiatives in Bartow and Gordon counties in Georgia. Regional economic development authorities have given great support as the counties work together to help employees reach their full potential and to spur economic development through a well-trained workforce that they hope ...
Read More
RDP Partners with ERMCO to Improve America’s Infrastructure
Posted on October 17, 2024Rural Development Partners (RDP) is pleased to award $15 million in New Markets Tax Credit (NMTC) financing to Electric Research Manufacturing Cooperative, Inc. (ERMCO) for the expansion and equipping of their Dyersburg, Tennessee facilities. This allocation is part of a $54.1 million NMTC package from RDP, MuniStrategies/$13MM, Cadence/$10MM, Pathway/$9MM, and GrowAmerica/$7.1MM. The strategic investment is expected to create an estimated ...
Read More
RDP Receives $65 Million in NMTC Authority to Help Revitalize Rural America
Posted on September 19, 2024Forest City, Iowa – Rural Development Partners (RDP) was awarded $65 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. This is RDP’s thirteenth NMTC award since the company’s inception in 2004 totaling $816.7 million. RDP has financed 50 projects to date, spurring economic growth, food access, and quality accessible jobs in underserved rural communities nationwide. “We ...
Read More
$200,000 Grant Strengthens Families and Educational Opportunities in Central Alabama
Posted on September 9, 2024Rural Development Partners (RDP) and NMTC Partner Nemak awarded a $200,000, matching funds grant to strengthen educational opportunities and families in rural Sylacauga and Talladega County, Alabama. Prior to establishment of the RDP/Nemak partnership (2017), the community suffered the loss of thousands of jobs. Approximately 46% of Sylacauga residents survived on household earnings less than $30,000 per year with much ...
Read More
Make New Markets Tax Credit a Permanent Part of the Tax Code
Posted on July 11, 2024Please join Rural Development Partners (RDP) in encouraging Congress to make the New Markets Tax Credit (NMTC) a permanent part of the Federal Tax Code. The NMTC Program has been vital to the nation’s economy and low-income communities since established by Congress in December of 2000. NMTCs have spurred $8 of private investment for every $1 of Federal funding, revitalizing ...
Read More
RDP Invests $15 Million in NMTCs to Help Food Bank of the Rockies Expand
Posted on June 26, 2024Rural Development Partners is honored to invest $15 million in New Markets Tax Credit (NMTC) financing to help Food Bank of the Rockies expand their distribution center to Aurora, Colorado. A total of $55.5 million in NMTCs from five Community Development Entities (CDEs) will serve as a key funding source, addressing critical needs of the region, particularly in light of ...
Read More
RDP Partnered with Bongards to Expand Farmer Opportunities in America’s Heartland
Posted on February 28, 2024Rural Development Partners (RDP) was pleased to award Bongards Creameries $20 million in New Markets Tax Credit financing for equipment toward the expansion of their cheese and whey processing facility in Perham, Minnesota. The funding will allow Bongards to increase production capacity, improve efficiency & quality, and increase milk purchases while improving outcomes for regional farmers. The project is expected ...
Read More
RDP Welcomes US Congressman Randy Feenstra and Iowa Legislators for NMTC Discussion
Posted on January 24, 2024Forest City, Iowa – Rural Development Partners (RDP) was honored to welcome U.S. Congressman Randy Feenstra (IA-4) to Forest City to discuss the CDFI Funds New Markets Tax Credit (NMTC) Program, of which Feenstra is a supporter. Iowa State Senator David Rowley (District 5/Dickinson County), and Iowa State Representative Henry Stone (District 9/Winnebago County) accompanied the congressman for this discussion. ...
Read More
RDP/Delco Grant Spurs Workforce Development in Lamar County Texas
Posted on November 28, 2023Rural Development Partners (RDP) was honored to provide a matching funds grant with NMTC partner Delco Trailers for the enhancement of workforce development initiatives in Lamar County, Texas. The $180,000 grant was given through RDP’s Community Investment Program, designed to promote workforce development that helps low-income residents receive the training they need to obtain a quality job, while building a ...
Read More
$150,000 Workforce Development Grant Awarded for Lincoln County TN
Posted on October 27, 2023Rural Development Partners and AriensCo (Fayetteville, TN) awarded a matching funds grant of $150,000 to spur workforce development initiatives in Lincoln County, Tennessee. This grant was given as part of Rural Development Partner’s “Community Investment Program” in which RDP makes an equal private investment alongside our NMTC partner to encourage workforce development in the regions we serve. “We couldn’t be ...
Read More
CDFI Awards Rural Development Partners $50 Million in NMTC Authority
Posted on September 22, 2023Forest City, Iowa – Rural Development Partners (RDP) was awarded $50 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. This is RDP’s twelfth NMTC award since the company’s inception in 2004, totaling $751.7 million. RDP has financed 47 projects to date, spurring economic growth, providing food access, and creating quality jobs accessible to low-income workers ...
Read More
Rural Development Partners Featured on America’s Heartland Public Television Broadcast
Posted on April 26, 2023Forest City, Iowa – Rural Development Partners (RDP) was honored to partner with America’s Heartland to educate America about the federally funded New Markets Tax Credit (NMTC) program. The episode aired on RFD-TV today (April 26th), featuring four NMTC partners who share how they learned about the program, how the investment works, and join their communities in giving testimony to ...
Read More
Rural Development Partners NMTC Investment in AriensCo Brings Jobs to Tennessee
Posted on April 20, 2023Rural Development Partners invested $15 million in New Markets Tax Credits (NMTC) to help Ariens Company revitalize an abandoned facility, bringing 350 new quality jobs to the Fayetteville, Tennessee community along with catalytic economic and workforce development opportunities for the region. Other NMTC partners include Legacy Economic Growth Fund ($12MM), Waveland Community Development ($10MM), MuniStrategies ($13.5MM), and Wells Fargo Community ...
Read More
Rural Development Partners Helps Crown Equipment Bring Jobs to America
Posted on March 15, 2023Rural Development Partners allocated $17.5 million, and Five Points Community Capital $7.5 million in New Markets Tax Credits to help Crown Equipment finance the timely acquisition, modernization, and equipping of a vacated 255,295 SF building adjacent to its current facility in Kinston (NC). The shuttered plant left 159 employees without a job and little employment opportunity in rural Lenoir County. ...
Read More
Rural Development Partners Helps Wilmington Food Bank Expand
Posted on March 9, 2023Forest City, IA – 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 ...
Read More
Rural Development Partners Awarded $45 Million in New Markets Tax Credits
Posted on November 1, 2022Rural Development Partners (RDP) was awarded $45 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. This is RDP’s eleventh NMTC award since the company’s inception in 2004, totaling $701.7 million. RDP has financed 44 projects to date, spurring economic growth, providing food access, and creating quality jobs accessible to low-income workers in underserved communities ...
Read More
NMTC Partnership to Anchor Economic Boost in Northwest Georgia
Posted on April 5, 2022Rural Development Partners (RDP) allocated $7 million in New Markets Tax Credits (NMTC) to Momeni and Sons to construct, equip, and operate a new distribution center in Adairsville, Georgia. The new 300,000 SF facility will serve as a centralized import and distribution hub for Momeni’s expanding customer base in the Southeast, creating 98 quality jobs, many indirect jobs, and anchoring ...
Read More
NMTC Partnership Brings Jobs to America
Posted on January 12, 2022Rural Development Partners of Forest City (IA) allocated $10 million in New Markets Tax Credits (NMTC) 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 ...
Read More
NMTC Expansion of Freestore Foodbank
Posted on January 7, 2022Rural Development Partners of Forest City (IA) allocated $15 million in New Markets Tax Credits (NMTC) to Freestore Food Bank (FSFB) of Cincinnati (OH). The funding will help expand the capacity and efficiency of the distribution center to fight food insecurity in a twenty-county tri-state region. FSFB is the largest emergency food and service provider in Greater Cincinnati, Northern Kentucky, ...
Read More
NMTC Partnership Creates Jobs in Texas
Posted on December 16, 2021Rural Development Partners (RDP) of Forest City (IA) allocated $18 million in New Markets Tax Credits (NMTC) to help Delco Trailers expand operations in rural Texas, create 300 quality jobs. Funding will be used to construction a new 550,000 SF trailer manufacturing facility in Paris (TX). The new facility is expected to create 300 quality jobs, retain 115, and provide ...
Read More
$180,000 Workforce Development Grant Awarded to Arkansas Northeastern College
Posted on November 9, 2021Rural Development Partners (Forest City, IA) MRT/WATCO awarded a $180,000 workforce development grant to Arkansas Northeastern College (Blytheville, AR) to support industrial education in the region while setting the stage for economic growth and development. Community Investment Program Rural Development Partner’s (RDP), through their Community Investment Program, worked with Arkansas Northeastern College (ANC), identifying the need for heavy equipment operators ...
Read More
$140,000 IMT Educational Grant Awarded to Corsicana High School, Navarro College & Foundation
Posted on September 21, 2021Rural Development Partners (Forest City, IA) and NMTC partner Audubon Metals (Corsicana, TX) awarded a matching funds grant of $140,000 to strengthen workforce development in the Corsicana region. Workforce development is one of the primary challenges companies and communities face today. As manufacturing processes continue to evolve through advances in technology, the importance of a trained and skilled workforce is ...
Read More
Rural Development Partners Receives $50 Million NMTC Award
Posted on September 2, 2021Rural Development Partners (RDP) was awarded $50 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. This is RDP’s tenth NMTC allocation award since the company’s inception in 2004, totaling $656.7 million. RDP directs NMTCs to spur economic growth, provide food access, and create quality jobs accessible to low-income workers in underserved communities throughout America. ...
Read More
$150,000 Grant Awarded to Barnwell County (SC)
Posted on August 19, 2021Rural Development Partners (Forest City, IA) and NMTC partner Cascades f/k/a Orchids Paper (Barnwell, SC) awarded a matching funds grant of $150K toward workforce development and community initiatives in Barnwell County, a region dominated by manufacturing, agriculture, and service industries. SouthernCarolina Alliance Barnwell is one of seven counties represented by the SouthernCarolina Alliance, a regional nonprofit organization providing economic development, marketing, and recruitment in the ...
Read More
$175,000 Grant will Revitalize High School Vo-Tech Programs in Gibson County, TN
Posted on August 13, 2021Rural Development Partners (Forest City, IA) and NMTC partner, Bongards (Humboldt, TN) awarded Gibson County high schools a matching funds grant of $175,000 to strengthen workforce development. Funds are revitalizing high school technical programs across Gibson County, boosting student opportunities for successful careers. Since initiating the grant in December of 2020, Vo-tech programs are coming to fruition, energized to create ...
Read More
Rural Development Partners Welcomes Bill Northey to the Governing Board
Posted on July 7, 2021Forest City, IA – July 7, 2021: Rural Development Partners (RDP) is pleased to welcome Bill Northey to the Governing Board. Bill and his wife, Cindy, reside in the Des Moines area where he serves as Principal at WHNorthey LLC, providing agriculture consulting in conservation and sustainability. From 2018-2021, Bill served as Under Secretary for Farm Production and Conservation (FPAC) ...
Read More
SRTC Receives $200,000 Grant for Technical & Industrial Education
Posted on May 10, 2021Tifton, GA – Coca-Cola Bottling Company United, Inc. (UNITED) and Rural Development Partners (RDP) jointly funded a $200,000 investment in Technical and Industrial Education in South Georgia through RDP’s Community Investment Program. The collaborative grant was awarded to the Southern Regional Technical College (SRTC) Foundation, which will utilize the funds to support SRTC’s Technical and Industrial programs and students in the ...
Read More
Public-Private Partnership Grant Awarded to Pride of Atmore
Posted on April 14, 2021Atmore, AL Rural Development Partners (RDP), together with Coastal Growers LLC, is pleased to announce a $150,000 jointly funded grant to Pride of Atmore through RDP’s Community Investment Program. This $3.3 million project involves restoration of the historic Strand Theatre, an iconic landmark established in 1921, serving as an anchor for the community for nearly a century. A music studio ...
Read More
Quality Jobs and Economic Opportunities for Farmers & Atmore, AL
Posted on January 26, 2021Atmore, AL – Rural Development Partners (RDP) is honored to partner with Coastal Growers LLC to provide New Markets Tax Credits (NMTCs) for a new peanut shelling facility in rural Alabama. The new operation will create 130 quality jobs at the plant, 125 new farmer-supported jobs, 95 constructions jobs, and economic opportunities to stabilize the region. The project will allow ...
Read More
RDP Partners with Audubon Metals to Bring Quality Jobs to Corsicana, TX
Posted on January 5, 2021Corsicana, TX – Rural Development Partners (RDP) is proud to partner with Audubon Metals Texas LLC to help expand the company and bring quality jobs to Corsicana, TX using New Market Tax Credits (NMTCs). Audubon Metals is a manufacturing facility that recycles Zorba (automobile residue) for production of secondary aluminum alloys for die castings. The new 157,970 SF facility will ...
Read More
RDP Allocates $20MM in NMTCs to Bring Quality Jobs to Tifton, GA
Posted on December 28, 2020Tifton, GA – Rural Development Partners (RDP) partnered with Coca-Cola Bottling Company United, Inc. to equip a new state of the art facility and bring quality jobs to Tifton, GA. Coca-Cola UNITED is engaged in the production, marketing and distribution of a diverse portfolio of leading sparkling (Coca-Cola®, Diet Coke®, Coke Zero Sugar®, Dr Pepper®, Sprite®, Fanta® and AHA®) and ...
Read More
Rural Development Partners Welcomes Debra Shoaf to Advisory Board
Posted on November 9, 2020(Forest City, IA) November 9, 2020: Rural Development Partners is pleased to welcome Debra Shoaf to its New Markets Tax Credit (NMTC) Advisory Board. Debra oversees the finance, risk management, and real estate functions for Atlanta Community Food Bank. The Food Bank is a $160MM+/year organization that is on target to procure and distribute over 100 million pounds of food ...
Read More
New Market Tax Credit Instrumental in Expansion of Pennsylvania Food Bank
Posted on November 9, 2020Forest City, IA Rural Development Partners (RDP) is pleased to announce their partnership with Greater Pittsburgh Community Food Bank (GPCFB) to expand healthy food distribution in the 11-county area they serve. RDP will allocate $16 million of New Market Tax Credits (NMTC) to renovate and expand the Duquesne, Pennsylvania Food Bank; serving as headquarters to more than 400 partner agencies ...
Read More
Public-Private Partnership Grants $100,000 For Workforce Training Lab
Posted on September 29, 2020Forest City, IA Rural Development Partners (RDP), together with Tishomingo County based manufacturer Mississippi Silicon, provided Northeast Mississippi Community College with $100,000 to revitalize its workforce training lab. See press release. RDP allocated $20MM in New Markets Tax Credit (NMTC) financing in 2014 to help MS Silicon build and operate a silicon metal production facility. See the great impacts this ...
Read More
Rural Development Partners receives $65 Million NMTC Award
Posted on July 17, 2020(Forest City, IA) July 15, 2020: Rural Development Partners (RDP) is proud to announce receiving $65 million in New Market Tax Credit (NMTC) authority from the U.S. Treasury’s CDFI Fund. The NMTC program allows RDP to provide flexible financing options that support the health and sustainability of highly distressed rural communities throughout America. This is RDP’s ninth NMTC award for ...
Read More
Rural Development Partners Welcomes Linda Upmeyer to Governing Board
Posted on July 17, 2020(Forest City, IA) July 17, 2020: Rural Development Partners (RDP) is pleased to announce that Linda Upmeyer has joined the RDP Governing Board. Linda is completing her ninth, and final, term in the Iowa Legislature where she most recently served as Speaker of the House from 2016-2020. Prior to becoming Speaker, Linda led the caucus as House Majority Leader from ...
Read More
Novogradac Journal of Tax Credits: NMTC CDEs, Investors, Developers Role in the Economic Recovery After the Pandemic
Posted on July 6, 2020Rural Development Partner’s CEO, Jonathan Klaassen, was recently interviewed by Novogradac for the June 2020 Journal of Tax Credits on the subject of NMTC CDEs integral role in stabilizing and rebuilding the American economy during and after the COVID-19 global pandemic. “From a rural perspective, I’ve been inspired by the response of food banks,” said Klaassen. “The pandemic is highlighting ...
