Akron,Ohio (January 2019) The Council of Development Finance Agencies (CDFA) has recognized Development Finance Authority of Summit County as one of “the fifteen highest performing Development Finance Agencies across the nation.”  CDFA is a national association dedicated to the advancement of development finance concerns and interests.  CDFA is comprised of the nation’s leading and most […]

Akron, Ohio (December2018) At its final Board meeting of 2018, the Development Finance Authority welcomed new members  Mark Douglas and Ebony Yeboah, who have been appointed by the County of Summit, effective January1, 2019. Ebony Yeboah is Vice President, Deputy General Counsel, Corporate Secretary and Chief Ethics Officer for FirstEnergy Service Company, a subsidiary of […]

Akron, Ohio (November 2018) The Development Finance Authority of Summit County (DFA) announced today it has taken the following personnel actions which are effective immediately; Rachel Bridenstine to Managing Director, Development Fund of the Western Reserve (DFWR), Lori Sallaz to Director, Administration, Laurie Ann Stoddard has been named Fiscal Officer, Alyson Moritz to Manager, Economic […]

Akron, Ohio (August 2018) The Development Finance Authority of Summit County (DFA) announced today Standard & Poor’s (S&P) Global Ratings has upgraded DFA’s Jobs & Investment Bond Fund to A minus with a Positive Outlook.  S&P noted the Fund has a strong financial risk profile, operating performance history and financial policies. The Jobs and Investment […]

Akron, Ohio (July 2018) – The Akron Community Revitalization Fund (ACRF) is announcing its sixth loan of $1.67M, which is an interim construction loan for the Bowery re-development project in downtown Akron. The Bowery is a proposed six building, $40M mixed use development project which is anchored by the historic Akron Civic Theatre. The loan […]

Akron, Ohio (July 2018) – The Akron Community Revitalization Fund (ACRF) is announcing its fifth loan for $1.6 million which will finance the construction and buildout of the ground floor commercial/retail space of Middlebury Commons- a mixed-use project with affordable apartments for seniors and first floor retail space. Middlebury Commons is a significant part of […]

Akron, Ohio (June 2018) – The Akron Community Revitalization Fund (ACRF) is announcing its fourth loan for $580,000, which is being used to build out tenant improvements in the former Advanced Elastomer Systems (AES) Building. Between 1996 and 2016, the property had 90% occupancy rates until Exxon Mobil Advanced Elastomer Systems (AES) vacated resulting in […]

Akron, Ohio (June 2018) – Announced today, the third loan made by the Akron Community Revitalization Fund (ACRF). The $700,000 loan will be used by Rubber City McDonald’s to finance the purchase and improvements of a building located at 55 Furnace Street. This loan enabled Rubber City McDonald’s to consolidate its Headquarters operations and add […]

Akron, Ohio (May 2018) – DFWR announced today the second loan from its Akron Community Revitalization Fund (ACRF). The $650,000 loan will be used by Testa Companies to finance phase one project costs of the Northside Marketplace. DFWR is a private non-profit affiliated with the Development Financing Authority of Summit County. The loan was made […]