Development Finance Authority

Business Category: Partnerships

Development Finance Authority Logo
47 N. Main St.
#407
Akron, OH 44308
US
The Development Finance Authority of Summit County (formerly named the Summit County Port Authority) was initially created to save abandoned rail lines in Summit County for future transportation needs. In 2000, it was named the economic development agency for the County of Summit and began its mission of providing economic benefit to the businesses and communities in our region.
 

Since 1999, the DFA has issued over $975 million in economic development bonds, leveraging $847 million in investment to support community and economic development activity in our region. Through the New Markets Tax Credit program, the Development Fund of the Western Reserve (DFWR) has allocated $65 million federal NMTC plus $11.5 million Ohio NMTC, leveraging $55 million additional federal and state NMTC allocations. These finance projects enabled the DFA to directly or indirectly be associated with the retention and creation of 14,437 jobs, including thousands of construction jobs.

 

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