Rural Development Partners

Rural Development Partners (RDP) is a Community Development Entity (CDE) under the New Markets Tax Credit Program (NMTC) of the U.S. Treasury Department.  RDP has the authority to provide a 39 percent Federal Income Tax credit (spread over seven years) on investments in agriculturally-related businesses located in low income rural communities.

Vision
A vibrant rural economy providing employment opportunities and wealth creation for low-income rural persons and residents of low-income and financially distressed rural communities.

Mission
To increase the economic and social vitality of low-income and financially distressed rural communities through the creative application of the New Markets Tax Credit program.

Rural Business Focus
Support investments in value-added agriculture, renewable energy, forestry, agribusiness and other rural business projects.  RDP does not invest in production agriculture. 

Geographic Scope
A national service territory with primary focus on the Midwest.

Allocations
RDP has received six allocations for a total of $391.7 million. 

•  2004 - $44.7 million
•  2006 - $60 million
•  2008 - $60 million
•  2009 - $80 million
•  2010 - $77 million
•  2012 - $70 million

RDP will use its allocations of New Markets Tax Credits to: 

1. Provide incentives for investment in agricultural and other businesses located in low-income and financially distressed rural communities.
2. Reduce interest rates and/or provide other preferential terms for credit provided to agricultural and other businesses located in low-income and financially distressed rural communities.

National Distribution
RDP has currently provided the tax credits for businesses located in the following states. 

1.  Dairy Processing - Minnesota [Flyer]
2.  Forestry - Maine  [Flyer]
3.  Forestry - Washington [Flyer]
4.  Farmer Grain Marketing Cooperative - South Dakota [Flyer]
5.  Forestry - Louisiana [Flyer]
6.  Grain Processing - Iowa [Flyer]
7.  Forestry - West Virginia [Flyer]
8.  Renewable Energy - Hawaii [Flyer]
9.  Grain Processing - Iowa [Flyer]
10.  Renewable Energy  - North Carolina [Flyer]
11.  Food Manufacturing - Texas [Flyer]
12.  Cellulosic Ethanol - Michigan
13.  Farmer Grain Marketing Cooperative - Missouri
14.  Farmer Grain Marketing Cooperative - Minnesota
15.  Renewable Energy - Wisconsin
16.  Renewable Energy - South Carolina
17.  Renewable Energy - Alabama