Akron Community Revitalization Fund

Investment

  • NMTC Amount: $4,900,000
  • Total Project Cost: $5,505,358

IMPACT

  • 25 FTE jobs

Investor

Project Description

The Akron Community Revitalization Loan Fund helps enable business development projects in distressed census tracts and urban areas in Akron. DFWR, contracted with Cleveland-based Village Capital Corporation, applied its development finance expertise to select and explore promising urban revitalization projects.

MAP

Address: 4700 Heidtman Parkway, Cleveland,

Census Tract: 39035110901

Other Ohio Projects

NMTC financing allows E-Pak to continue to expand its product lines and grow jobs in rural northeastern Ohio.
NMTC financing supported a multi-state, first of its kind Habitat for Humanity project spanning the country.
Construction of a greenhouse and distribution facility for a co-op
Expansion of a manufacturing facility to create jobs and increase production.