AgVA Portfolio Company Rural Development Partners is Awarded $50M in NMTC Authority by the CDFI

Forest 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 in underserved communities nationwide.

“RDP is honored to receive an allocation of New Markets Tax Credits from the CDFI Fund. We look forward to continuing to do our part in creating everlasting impacts in low-income communities across the country. New Markets Tax Credits have been and will continue to be a wonderful tool to encourage investment in those communities we serve.” – Dan Helgeson, CEO of RDP. Read More