Development Finance Authority of Summit County (DFA)

AKRON – (June 20, 2013) Pepperidge Farm, Incorporated, a subsidiary of Campbell’s Soup Company, announced today a $93 million expansion of its facility located in Willard, Ohio at a groundbreaking ceremony attended by Governor John Kasich, Denise Morrison, Campbell Soup Company’s president and chief executive officer and Irene Change Britt, Pepperidge Farm’s president. The $93 million plant expansion will create 50 new jobs and retain 543 in Huron County. To help the expansion, the Huron County Development Council partnered with DFA to provide $40 million for the project.

“We are proud to have the opportunity to partner with a great company like Pepperidge Farm and Campbell Soup, Development Finance Authority of Summit County, Huron County, the City of Willard, JobsOhio and Team NEO,” remarked HCDC Executive Director Carol Knapp.

DFA president, Chris Burnham said, “We appreciate the confidence of the project partners to help them attract this important investment for the City of Willard. Helping to bring this investment to Huron County is consistent with our mission of attracting private capital for public good throughout northeastern Ohio.”

Huron County Development Council (HCDC) HCDC is a networking organization with numerous members that promote Huron County as a great place to do business. We welcome any one who is interested in community and economic development in and around Huron County. The primary focus of the HCDC is the retention and expansion of existing business and industry and the attraction of new business and industry to Huron County. Visit our web site at www.hcdc.net Contact: Carol Knapp, Executive Director Phone: 419-663-4232 Email: econdirector@hcdc.net.

Development Finance Authority of Summit County (DFA) DFA attracts private capital for public good in Northeast Ohio. We specialize in using bonds, tax credits and non-traditional sources of capital including our Jobs & Investment Bond Fund (Rating: BBB+ by S&P) to create and retain jobs and finance commercial real estate investment; enhancing the quality of life throughout the region. In addition, as a certified community development entity (CDE), the DFA is authorized to deploy New Markets Tax Credits that specifically benefit low-income communities throughout an 18-county service area in Northeast Ohio. More information about our investment tools, successful projects and partners is available at www.developmentfinanceauthority.org.