Hershey created a deed of trust establishing a trust fund for the school. In 1909, Hershey and his wife Catherine, who were unable to have children, established the Hershey Industrial School for orphan boys (renamed the Milton Hershey School in 1951). In 1905, Hershey created the Hershey Trust Company to provide banking to the town of Hershey. As the park gained popularity, further improvements were made, such as a grand entrance for the park in 1916. Hershey Park was opened on May 30, 1906, with a dance hall pavilion, band shell for shows, tennis courts and a baseball field with a grand stand available for sporting events. After the factory was completed and put in operation in 1904, the Hershey Improvement Company turned toward building the town, which included homes, stores and parks. This company was the predecessor to Hershey Entertainment and Resorts. To build the structures of the town, Hershey created a subsidiary company called the Hershey Improvement Company. In 1903, Hershey began purchasing land in Derry Township, Pennsylvania, not far from the family homestead he owned, to create a company town for his proposed chocolate factory. Hershey accepted the offer, maintaining ownership of the Hershey Chocolate Company. In 1900, the American Caramel Company offered to purchase the Lancaster Caramel Company for $1 million. Hershey founded the Hershey Chocolate Company as a subsidiary of his Lancaster Caramel Company. in 1976 and Hershey Entertainment and Resorts Company in 1998. All of his non-chocolate producing businesses were established as Hershey Estates, renamed HERCO, Inc. Hershey established HE&R in 1927 to distinguish and separate his chocolate manufacturing company from his other business ventures. Hershey Entertainment and Resorts Company is a privately held corporation based in Pennsylvania. Amusement park, attractions, hotels, restaurants, meetings
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |