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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.
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.
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.
A national service territory with primary focus on the Midwest.
RDP has received six allocations for a total of $391.7 million.
RDP will use its allocations of New Markets Tax Credits to:
RDP has currently provided the tax credits for businesses located in the following states.