Rural Development Partners
Overview
Rural Development Partners (RDP) is a Community Development Entity (CDE) that leverages the New Markets Tax Credit (NMTC) program to stimulate economic growth in distressed rural communities across the United States. By combining NMTCs with bank loans and tax credit investor funds, RDP creates favorable financing solutions for businesses and nonprofits, facilitating access to quality jobs and healthy foods in underserved areas. Since its inception in 2004, RDP has secured multiple NMTC allocations totaling over $900 million, supporting numerous projects nationwide. RDP's investment strategy centers on operating businesses that generate significant, high-quality employment opportunities accessible to low-income individuals in rural, highly distressed regions. The firm prioritizes sectors such as manufacturing, distribution, processing, and enterprises that address food deserts by providing fresh and healthy food options. By forming public-private partnerships, RDP aims to drive catalytic job growth and economic revitalization in rural America. The firm's core competencies include strategic execution, community engagement, and effective communication of complex value propositions. RDP's team collaborates closely with community members, conducts impact studies, and establishes local advisory boards to ensure that projects align with the specific needs and aspirations of the communities they serve. This approach underscores RDP's commitment to maximizing the positive impact of its investments and fostering sustainable development in rural areas.
Investment Focus
- Businesses located in low-income and financially distressed rural communities
- Projects that create significant, high-quality jobs accessible to low-income individuals
- Sectors such as manufacturing, distribution, processing, and enterprises addressing food deserts
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Rural Development Partners
What sectors does Rural Development Partners invest in?
Rural Development Partners invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Real Estate, and is based in Forest City, United States. Rural Development Partners is listed as a private equity in the ConnectSafely investor database.
What stage does Rural Development Partners invest at?
Rural Development Partners backs companies at Growth and Buyout, writing cheques of 2M - 8M.
Which regions does Rural Development Partners invest in?
Rural Development Partners invests across United States.
Who are the partners at Rural Development Partners?
Team members listed for Rural Development Partners include Casey Singelstad (Chief Operating Officer) and Chris Edgington (Director/President).
What companies has Rural Development Partners invested in?
Rural Development Partners's portfolio includes Magpro and Food Bank of the Rockies.
How do I contact Rural Development Partners?
Rural Development Partners's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
