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Rural Development Partners, LLC
Mason City IACDFI Awards for Rural Development Partners, LLC
NMTC (2009) - $80,000,000
Rural Development Partners (RDP) focuses on the needs of distressed areas of rural America. It provides loans and equity investments for agribusinesses, commercial forestry operations, and alternative energy companies. As an expansion of RDP’s current activities, it will support the development of an investment fund to invest in small start-up or early stage businesses. RDP will offer below-market interest rates and flexible underwriting standards and terms. It will also seek NMTC equity investment that can be used for critical “gap financing”. RDP’s basic objective is to attract more equity for distressed rural regions of the U.S. that are underserved and lack capital availability for expansions or for high risk start-up operations.
NMTC (2008) - $60,000,000
Rural Development Partners, Inc. (RDP) will provide loans and equity investments for agribusinesses, commercial forestry operations, and alternative energy companies within distressed rural communities. RDP will serve a 50 state service territory with investment emphasis on the underserved rural Midwestern and plains states, as well as distressed coastal forestry regions. RDP focuses on emerging businesses that are locally owned by rural low-income community residents and low-income community agricultural producers. NMTCs will be used to provide equity investments for a€œgap financinga€ and for high risk start-up operations, and to materially reduce interest rates on debt financing.
NMTC (2006) - $60,000,000
Rural Development Partners LLC’s will provide below-market rate loans or otherwise unavailable equity to develop businesses which add value to locally-grown agricultural products, create new jobs, increase wages, and establish opportunities for business ownership and wealth creation by farmers and other residents of rural low-income communities. Rural Development Partners LLC will primarily focus its investments in the Great Plains Region and surrounding states, but will make investments in other parts of the U.S. providing that these investments directly or indirectly improve the economic well-being of Great Plains farmers, ranchers and others residing in rural low-income communities. With a network of agricultural, financial, business and outreach partners, Rural Development Partners LLC will enhance its prior activities by further targeting its investments into even more distressed rural low-income communities than it has previously invested in.
NMTC (2003) - $44,700,000
RDP will use its NMTC allocation to make loans with interest rates at least three percent below market and to encourage financial institutions or farmer investment groups to make equity investments in projects they otherwise would not consider.
Other Community Development Financial Institutions in Iowa
Covenant Financial Services Co.
Davenport
Grow Iowa Foundation, Inc.
Greenfield
Homeward, Inc.
Allison
Iowa Community Capital
Coralville
Rural Development Partners, LLC
Mason City
The Abilities Fund
Centerville
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