FINANCING TARGETED FOR MANUFACTURERS TO INVEST IN THEIR FACILITIES

The Ohio Manufacturers’ Association and FirstEnergy Corporation have invested nearly $2.5 million in the bond fund programs of the  Cleveland-Cuyahoga County Port Authority, the   Development Finance Authority of Summit County, and the Toledo-Lucas County Port Authority.

The investment boosted bond fund reserves and positioned the programs to strategically assist more borrowers. It also laid the foundation for an important new collaboration between OMA, First Energy and the port authorities.

The Cleveland-Cuyahoga County Port Authority has, as a result, created the Cuyahoga Manufacturers’ Assistance Program to offer flexible financing options tailored to the needs of manufacturers planning new construction, facility expansions, or equipment purchases.