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

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.

Louisiana Forestlands

Port Barre,
LA
(2008)

Katrina, Manufacturing, Rural, Timber and Agriculture

CDE(s): Rural Development Partners

The Forestland Group utilized NMTCs to complete the purchase of 82,000 acres of hardwood forests in Louisiana, in addition to a hardwood sawmill and processing plant near LeMoyen, LA; 200

Super-Pufft

Perry,
FL
(2019)

Business Development, Manufacturing, Rural

CDE(s): Rural Development Partners

Snack manufacturer partners with CDE to create or save 397 jobs in a community on the precipice of economic disaster.

Mid River Terminal

Osceola,
AR
(2015)

Business Development, Manufacturing, Rural, Transportation and Ports, Warehouse and Wholesale

CDE(s): Chase, Enhanced Capital, Rural Development Partners

NMTCS are helping to revive a rural community in Northeastern Arkansas, providing the necessary capital for a highly distressed river town to turn the corner.

LHF Lopiwa

O'Oakala,
HI
(2009)

Energy, Manufacturing, Rural, Timber and Agriculture

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

The construction of a new, state-of-the-art veneer mill and the conversion to biomass fuel of two oil-fired electric generation plants.

Monogram Snack

Martinsville,
VA
(2015)

Business Development, Food Manufacturing, Manufacturing, Rural

CDE(s): Greenline Ventures, Rural Development Partners

NMTCs enabled Monogram Snacks to expand their facility in Martinsville, VA by 56,000 sq. ft. and renovate space in the original production plant.

Trotter Fertilizer

Litchfield,
NE
(2013)

Business Development, Manufacturing, Rural, Warehouse and Wholesale

CDE(s): Rural Development Partners

Financing for a fertilizer facility and community greenhouse.

Orthman Manufacturing, Inc

Lexington,
NE
(2014)

Business Development, Manufacturing, Rural

CDE(s): Rural Development Partners

A short line manufacturer of farm equipment and implements.

Sherwood Forest Camp

Lesterville,
MO
(2018)

Community, Daycare and Early Childhood, Recreation, Rural, Youth and Families

CDE(s): Rural Development Partners

Unique summer program expands impact and school-year outreach to children from low-income families in the St. Louis area.

Coastal Carolina Clean Power

Kenansville,
NC
(2010)

Community, Energy, Manufacturing, Rural

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

Kenansville was originally developed and constructed as a coal-fired generating facility; new ownership converted the plant to a biomass-fired facility.

DOT Foods

Dyersburg,
TN
(2013)

Business Development, Food Manufacturing, Manufacturing, Rural, Warehouse and Wholesale

CDE(s): CAHEC, River Gorge Capital, Rural Development Partners

NMTCs helped Dot Foods revitalize a rural community that lost more than 3,000 manufacturing jobs between 2010-2013.

Watonwan Farm Service

Delavan,
MN
(2011)

Infrastructure, Manufacturing, Plastics and Chemicals, Rural, Timber and Agriculture, Transportation and Ports

CDE(s): Rural Development Partners

The construction of a new high-speed working grain shuttle house and rail terminal facility.