Milton S. Hershey. Entrepreneur and philanthropist born here September 13, 1857. Founded Lancaster Caramel Company in 1886 and Hershey Chocolate Company in 1894; introduced milk chocolate in 1900. Developed Hershey as a model town and home of the world's largest chocolate factory. With his wife, Catherine Sweeney, he founded the Milton Hershey School in 1909 and endowed it with his personal fortune.