Development Finance Authority
Business Category: Partnerships
Akron, OH 44308
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.