AKRON—Goodyear is donating $100,000 to the Akron Community Revitalization Loan Fund, which will provide financing for business development projects in distressed and urban areas of Akron.
With Goodyear's contribution, the fund has raised $2.9 million and steps closer to its $4.5 million goal, according to a news release.
The fund is part of the Development Fund of the Western Reserve, which is affiliated with the Development Finance Authority of Summit County and has contracted Cleveland-based Village Capital Corp. to underwrite potential revitalization projects, the DFWR release said.
Goodyear's donation is among several during the past month or so: The Huntington-Akron Foundation contributed $250,000, and Akron Children's Hospital and FirstEnergy Corp. each donated $100,000. Plus, the DFWR announced $70,000 in donations from several local community members. Akron Children's and FirstEnergy also issued a challenge to the Akron community and other businesses to donate.