Development Fund of the Western Reserve
Business Category: Partnerships
Akron, OH 44308
The Development Fund of the Western Reserve is a private non-profit managed by the Development Finance Authority of Summit County. DFWR’s purpose is to enable investments that target eligible low-income communities throughout an 18 county area of Northeast Ohio. The DFWR can invest in mixed-use, health care, housing, industrial, commercial retail, office buildings, hospitality, and community facilities. DFWR actively seeks projects that have significant economic and community impacts, will have efficient turnaround of taxpayer dollars, put funding to work as quickly as possible, achieve environmental sustainability and reduce energy costs.
To date, DFWR has financed health care facilities, for-profit hotels, a not-for-profit Foundation and College hotel and conference center, trade schools, a not-for-profit community wellness center, a membership-based grocer wholesaler, and a broadband telecommunication company.