Partner Tim Lavender
authored an Expert Analysis for Law360
reviewing the March 24, 2020 Final Rule Expanding Rural Business Investment Companies (RBICs) Scope and looking at how Private Equity Is Investing in Rural America Through RBICs. Rural America significantly lags the economic advances enjoyed by its more prosperous urban neighbors. While there are many causes for these trends, the relative decline in rural prosperity begs for a new wave of economic development targeted to these regions.
This article focuses on how the RBIC program works, along with the expanded definitions in the recent final rule issued by the USDA, and discusses how private equity players are seizing upon important investment opportunities that are transforming the American rural landscape.
Read the full article here
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