About - Rural Development Partners | Community Development

About

RDP is a unique CDE (a “community development entity” certified by the CDFI Fund). It has a national service territory. The focus of RDP is on operating businesses that create significant, high quality jobs that are accessible to Low-Income Persons (LIP) or residents of Low-Income Communities in rural, highly distressed areas.  Preference will be given to manufacturing, distribution and processing businesses as well as businesses that serve rural food deserts with fresh and healthy foods.

RDP has deep roots in rural agriculture that extend across the country. It is owned predominantly by Ag Ventures Alliance, a farmer-owned business development organization with over 435 members. The RDP Board  has a wealth of agricultural business, agricultural finance and NMTC program experience.  The Board has assembled an impressive Advisory Board representing organizations from across the nation that serve rural, low-income communities and have first-hand experience with the NMTC program. The staff and service providers retained to run the day-to-day operations of RDP have a wealth of business development and finance experience, and have led the introduction of the NMTC program into the agricultural sector.

Because of the strength of the team it has organized and its dedication to rural, low-income communities, RDP has been extremely successful in securing NMTC awards from the federal government. In an environment where the vast majority of applicants have had their applications denied, RDP has secured an allocation of tax credits in 7 applications… now totaling $466.7M in NMTCs.

RDP has utilized its tax credit allocations to attract capital on very favorable terms to a variety of rural businesses including forestry operations in the states of Washington, Maine and Louisiana, a value-added dairy processing facility in Minnesota, strategic grain storage facilities in South Dakota and a unique corn processing facility in Iowa… all in economically distressed, rural areas.

NMTC management fees received by RDP that exceed the cost of operating RDP are provided to its owners, Ag Ventures Alliance and Ag Ventures Development, to be used by these organizations to fund entrepreneurial agricultural business development activities. 

 

This institution is an equal opportunity provider.

In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability.  To file a complaint of discrimination, write to Department of Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Avenue, NW, Washington, D.C. 20220 or call (202) 622 1160.

© 2017 Rural Development Partners. All Rights Reserved. This institution is an equal opportunity provider. In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Avenue, NW, Washington, D.C. 20220 or call (202) 622 1160.