CDE: Rural Development Partners

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

Food Bank of the Rockies – Green Valley Ranch in Aurora, CO

Aurora,
Colorado
(2024)

Shelters and Community Food

CDE(s): Capital One Community Renewal Fund, Colorado Enterprise Fund, Colorado Growth and Revitalization Fund, National Impact Fund, Rural Development Partners

NMTCs helped finance the construction of a new facility in Aurora, CO. The new distribution center will increase capacity of food storage and production by 109,000 SF to better support

Central Texas Food Bank

Waco,
Texas
(2025)

Shelters and Community Food

CDE(s): Rural Development Partners

RDP allocated $15 million of New Markets Tax Credits to fund the construction and build-out of a 65,000 square foot facility in Waco, Texas, situated on just over 11 acres

MagPro, LLC (2025, 2nd tranche)

Camden,
Tennessee
(2025)

Manufacturing and Industrial

CDE(s): Rural Development Partners

Through a multi-phase plan, NMTCs will help MagPro increase their production of primary magnesium in the United States reducing U.S. dependency on imports. Phase I (closed December 2024) $12.5 million

Tate Access Floors (VA)

Saint Paul,
Virginia
(2025)

Manufacturing and Industrial

CDE(s): Rural Development Partners, Three Roots Capital

$34.5 million in NMTCs helped Tate purchase, renovate and equip a 284,000 SF facility in St. Paul (VA), vacant 15 years, now a state-of-the-art manufacturing hub for data center component

Potters Industries – Wilson

Wilson,
North Carolina
(2025)

Manufacturing and Industrial

CDE(s): Community Business Investment, Midwest Renewable Capital, Rural Development Partners

Potters, a manufacturer of engineered glass beads for Transportation Safety and Performnace Materials has acquired a vacated facility in Wilson (NC) to expand and meet their increasing product demand for

Food Bank of Central and Eastern North Carolina – Wilmington

Wilmington,
NC
(2023)

Community

CDE(s): Rural Development Partners

New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch

Greater Pittsburgh Community Food Bank

Duquesne,
PA
(2020)

Community, COVID-19, Shelters and Community Food

CDE(s): PNC, Rural Development Partners

NMTC financing for a food bank's sourcing, warehousing, and distribution efforts.

Freestore Foodbank

Cincinnati,
OH
(2021)

Community, COVID-19, Shelters and Community Food

CDE(s): Cincinnati Development Fund, PNC, Rural Development Partners

Financing to expand the capacity and efficiency of a food bank distribution center as they fight food insecurity in a 20-county tri-state region.

Food Bank of Northeast Georgia

Clayton,
GA
(2016)

Business Development, Community, Incubator, Mixed-use, Rural, Shelters and Community Food

CDE(s): Rural Development Partners

A Food Bank expanded its reach into the Georgia mountain region by opening a distribution warehouse and food processing center in Rabun County.

Atlanta Community Food Bank

East Point,
GA
(2018)

Community, Daycare and Early Childhood, Shelters and Community Food, Youth and Families

CDE(s): Kroger Community Development Entity, PNC, Rural Development Partners, The Reinvestment Fund

Construction of a new 345,000 sq. ft. warehouse and distribution facility in East Point, GA.

New England Forestry

Jackman,
ME
(2005)

Manufacturing, Rural, Timber and Agriculture

CDE(s): Bluehub, Rural Development Partners

The wood industry is one of the largest employers in the state of Maine accounting for approximately 19,000 jobs.

ERMCO (Electric Research Manufacturing Cooperative)

Dyersburg,
TN
(2024)

Manufacturing and Industrial

CDE(s): Cadence Community Capital, Grow American, MuniStrategies, Pathway Lending, Rural Development Partners

A specialized equipment manufacturer grew its footprint and added jobs in Dyersburg, TN

South Dakota Wheat Growers Co-op

Cresbard,
SD
(2007)

Business Development, Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Rural, Timber and Agriculture, Warehouse and Wholesale

CDE(s): Rural Development Partners

Rural Development Partners NMTC alocation to provide a $14.25 million loan to fill a financial gap and make the Cresbard project the first large-scale project the community has seen in

Mississippi Silicon

Burnsville,
MS
(2013)

Auto Manufacturing, Business Development, Machine Shops and Metal Fabrication, Manufacturing, Plastics and Chemicals, Rural, Solar, Tech Manufacturing

CDE(s): MuniStrategies, Rural Development Partners, Southern Community Capital

Burnsville's 2013 unemployment rate of 35.4% was more than three times the national average.

Coca-Cola Bottling United East

Tifton,
GA
(2020)

Business Development, Manufacturing, Rural, Warehouse and Wholesale

CDE(s): Carver State Bank, Rural Development Partners, Truist

NMTC financing helped Coca-Cola Bottling UNITED, expedite expansion of their operation to a worthy, supportive community deserving of opportunity.

Bongards, Perham (MN)

Perham,
MN
(2024)

Business Development, Manufacturing

CDE(s): Dudley Ventures, Mascoma Community Development, National New Markets Fund, Rural Development Partners, Waveland Community Development

New Markets Tax Credit financing for equipment toward the expansion of a cheese and whey processing facility in Perham, Minnesota.

Aububon Metals

Corsicana,
TX
(2021)

Machine Shops and Metal Fabrication, Manufacturing, Rural

CDE(s): AMCREF Community Capital, Consortium America, CRFUSA, Rural Development Partners, The Valued Advisor Fund

(Via RDP) 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

NMTCs Help Central Texas Food Bank Expand Waco Facility

Community, Shelters and Community Food

CDE(s): Rural Development Partners

Freestore Foodbank

CDE(s): Cincinnati Development Fund, PNC, Rural Development Partners

NMTC investment expands rural food access, farmer partnerships & workforce development in Greater Cincinnati, Northern Kentucky & Southeast Indiana

Crown Equipment Corporation

Manufacturing

CDE(s): Five Points Capital, Rural Development Partners

NMTCs provide timely economic boost in distressed rural community while re-shoring jobs to America.

The West Virginia Great Barrel Company Demonstrates NMTC Success

Business Development, Manufacturing

CDE(s): Community Ventures, Grow America, Rural Development Partners

Letter to the editor in the Register Herald

Ariens Company

Fayetteville,
TN
(2023)

Manufacturing

CDE(s): Legacy Economic Growth Fund, MuniStrategies, Rural Development Partners, Waveland Community Development, Wells Fargo

New Markets Tax Credits to help Ariens Company revitalize an abandoned facility bringing 350 new quality jobs to the Fayetteville

Crown Equipment

Kinston,
NC
(2023)

Manufacturing

CDE(s): Five Points Capital, Rural Development Partners

New Markets Tax Credit allocation to helps Crown Equipment finance the timely acquisition, modernization, and equipping of a vacated

New Westervelt Lumber Mill Will Create Jobs in Thomasville

Business Development, Manufacturing, Rural, Timber and Agriculture

CDE(s): Dakotas America, National New Markets Fund, Rural Development Partners, Truist

Momemi & Sons

Adairsville,
GA
(2022)

Business Development, Manufacturing, Rural

CDE(s): Dudley Ventures, Rural Development Partners

NMTC financing supports anchor for catalytic regional development.

Delco Trailers

Brookston,
TX
(2021)

Manufacturing

CDE(s): Rural Development Partners, Waveland Community Development

RDP allocated $18MM in NMTCs to help Delco Trailers construct a new 550,000 sq. ft. trailer manufacturing facility.

Alstom Transportation

Hornell,
NY
(2021)

Business Development, Manufacturing, Rural

CDE(s): Bluehub, Chase, Community Development Venture Capital Alliance, Hampton Roads Ventures, Local Initiatives Support Corporation, Rural Development Partners

RDP allocated $10M in NMTCs 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.

Washington Forestry-Olympic Range Tree Farm

Clallam Bay,
WA
(2005)

Manufacturing, Parks and Forests, Rural, Targeted Populations, Timber and Agriculture

CDE(s): Rural Development Partners

NMTCs financing was necessary for a group of investors wanting to purchase 80,000 acres of forest land in the Olympic Peninsula to restore areas that had been over-harvested, and reverse

Roquette America, Inc. (2008/2010)

Keokuk,
IA
(2010)

Business Development, Food Manufacturing, Machine Shops and Metal Fabrication, Manufacturing, Plastics and Chemicals, Rural

CDE(s): Rural Development Partners, USBCDE

NMTCs were used to finance equipment, buildings, utilities, load-out, road development and engineering costs of an industrial plant.

Bongards Creameries

Humboldt,
TN
(2017)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Bluehub, PNC, Rural Development Partners

Financing to purchase and transform a plant in Humboldt into a natural processed cheese operation to support the growing demand for its products.

Meister Cheese Company

Muscoda,
WI
(2013)

Business Development, Food Manufacturing, Manufacturing, Restaurants and Catering, Retail and Commercial

CDE(s): Rural Development Partners

Meister, a cheese manufacturer, used NMTCs to upgrade the MPP facility and purchase equipment.

White Mountain Apache Timber

Whiteriver,
AZ
(2013)

Manufacturing, Rural, Targeted Populations, Timber and Agriculture

CDE(s): CEI Capital Management, Rural Development Partners

Revamping the business plan of a timber mill, leveraging NMTCs to upgrade the mill with new technological equipment and generate working capital.

Richland Center Renewable Energy and Wastewater Treatment

Richland Center,
WI
(2012)

Community, Energy, Manufacturing, Rural, Waste Management, Water Management

CDE(s): Rural Development Partners, WHEDA

NMTCs enabled RCRE to construct a new state-of-the-art wastewater treatment facility in Richland Center, providing a solution for the significant problems of the city’s old wastewater treatment facility, which was

Pinelands

Allendale,
SC
(2012)

Community, Energy, Manufacturing, Rural, Timber and Agriculture

CDE(s): Midwest Renewable Capital, Rural Development Partners

NMTCs were leveraged to build two identical 21 MW biomass generation facilities which will convert wood pulp and debris into electricity for use throughout South Carolina.

Westervelt Lumber

Thomasville,
AL
(2019)

Business Development, Manufacturing, Rural, Timber and Agriculture

CDE(s): Dakotas America, National New Markets Fund, Rural Development Partners, Truist

The $191.6 million facility will produce approximately 250 million board feet of pine lumber annually|taking advantage of the company’s nearby timberland and other facilities.

Nemak

Sylacauga,
AL
(2017)

Auto Manufacturing, Business Development, Machine Shops and Metal Fabrication, Manufacturing, Rural

CDE(s): AMCREF Community Capital, Chase, MuniStrategies, Rural Development Partners

Installation of new equipment, tooling, production lines and manufacturing process and expansion of internal reconfiguration to converting facility from outdated technology to utilizing more efficient technology.