Development Fund of the Western Reserve announced today several additional commitments to support the Akron Community Revitalization Fund

Akron, Ohio (April 2017) – Grants totaling $70,000 to the Development Fund of the Western Reserve (“DFWR”) to support the Akron Community Revitalization Loan Fund are being provided by Paul Thomarios, Paul Testa, David Brennan, and the Development Finance Authority of Summit County. Paul Testa, CEO of Testa Companies, said he “is responding to the […]

Development Finance Authority of Summit County (DFA) Announces appointment to DFA Board

AKRON – Summit County Council has confirmed the appointment of Julie Wesel, CEO of Chemstress Consultant Company, to the Development Finance Authority of Summit County (DFA) Board of Directors. Chemstress is a full-service engineering and design service provider for industrial capital projects. Chemstress is proud of their Akron home, where they were founded in 1965. […]

Akron Children’s Hospital and FirstEnergy Corp each grant $100,000 to support the Akron Community Revitalization Loan Fund Development Projects and challenge the Akron Business Community to also support the Fund.

Akron, Ohio (March 2017) – Akron Children’s Hospital and the FirstEnergy Corp announced their commitment to Akron through two $100,000 grants 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. Bill Considine, President and CEO of […]

Development Finance Authority of Summit County Receives Auditor of State Award

Akron, Ohio – A recent financial audit of Development Finance Authority of Summit County (DFA) by the Auditor of State’s office has returned a clean audit report for 2014 and 2015. DFA’s excellent record keeping has earned it the Auditor of State Award for 2014 and 2015. The Auditor of State Award is presented to […]

Lincoln Electric Welding Technology Center in Euclid Moves Forward $12 million in Federal, Ohio New Markets Tax Credits Provide Crucial Financing

CDA Press release

Medical Mutual Community Investment Fund of Akron Community Foundation grants $500,000 for economic development in Akron

Akron, Ohio (January 2016) – The Medical Mutual Community Investment Fund of Akron Community Foundation announced a grant of $500,000 to the Development Fund of the Western Reserve (“DFWR”) to support their newly created Targeted Loan Fund. DFWR is an affiliate of the Development Finance Authority of Summit County.