News & Events

DFWR announced today it has raised over $2.9 million with recent contributions of $25,325 to support Akron Community Revitalization Loan Fund

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 […]

County of Summit, Development Finance Authority of Summit County Fund Down-Payment for Jobs Program to Spur Local Development

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 […]

Goodyear announces contribution of $100,000 to support Akron Community Revitalization Loan Fund Development Projects

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 […]

Huntington Bank announces a $250,000 grant to support the Akron Community Revitalization Loan Fund Development Projects

Akron, Ohio (April 2017) – Huntington Bank announced today a $250,000 grant from the Huntington-Akron Foundation 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 enable business development […]

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