Akron, Ohio (January 2018) The Council of Development Finance Agencies (CDFA) has announced the winners of the 2017 CDFA Excellence in Development Finance Awards. These awards honor excellence in the use of financing tools for economic development, as well as individuals who champion these efforts. “With the number of impressive projects that we have seen […]

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Akron, Ohio (July 2017) –The Development Fund of the Western Reserve (DFWR) announced today that the Akron Community Revitalization Fund is now fully capitalized, and is now open for business. The Akron Community Revitalization Loan Fund is designed to fund projects in distressed census tracts, defined as areas with a poverty rate of at least […]

Akron, Ohio (July 2017) – U.S. Bank and Ohio Capital Impact Corporation (OCIC), a non-profit affiliate of Ohio Capital Corporation for Housing (OCCH) announced today $50,000 in grants to support Development Fund of the Western Reserve’s (DFWR) Akron Community Revitalization Fund. Ohio Community Impact Fund donated $25,000 from an investment from U.S. Bank and U.S. […]

Akron, Ohio (July 2017) – The Development Fund of the Western Reserve announced today that Brouse McDowell, LPA, Brennan, Manna & Diamond, LLC, Novogradac & Company, LLP, and the Greater Akron Chamber have made significant contributions to the Akron Community Revitalization Fund to make more loan proceeds available to borrowers of the Fund. The Akron […]

Akron, Ohio (June 2017) – The Development Fund of the Western Reserve (DFWR) announced today that members of the Akron Development Fund increased its loan commitment from $1,000,000 to $1,500,000 to support an additional investment within the DFWR’s Akron Community Revitalization Fund. The Akron Development Fund I, LTD., is a for-profit limited liability providing long […]

Akron, Ohio (June 2017) – PNC Bank is providing a $35,000 grant to support Development Fund of the Western Reserve’s Akron Community Revitalization Fund, which will help launch new businesses in inner-city areas targeted for revitalization. DFWR, which is affiliated with the Development Finance Authority of Summit County (“DFA”), has contracted with Cleveland-based Village Capital […]

Akron, Ohio (May 25 2017) – Contributions have been made recently by GOJO Industries, J.W. Didado, Dr. Cliff Deveny, the Staff, Board and Advisors of DFA and DFWR, and the Gertrude Orr Foundation to the Development Fund of the Western Reserve (“DFWR”) to support the Akron Community Revitalization Loan Fund. DFWR is affiliated with the […]

On Friday, May 12, 2017, Summit County Executive Ilene Shapiro announced that the County of Summit and the Development Finance Authority of Summit County (“DFA”) have signed all documents necessary to fund the Down Payment for Jobs Program. Announced in early April, the Down-Payment for Jobs Program strengthens the DFA’s Jobs and Investment Bond Fund […]

Akron, Ohio (May 8, 2017) – The Goodyear Tire & Rubber Company today announced that it is contributing $100,000 to the Development Fund of the Western Reserve (“DFWR”) to support the Akron Community Revitalization Loan Fund. DFWR is affiliated with the Development Finance Authority of Summit County. The Akron Community Revitalization Loan Fund will help […]