PLAINFIELD, Ind., May 14, 2020 /PRNewswire/ -- The Duke Energy Foundation is funding $200,000 in grants to Indiana economic development organizations offering crisis relief to small businesses in the state.
The businesses range from a city of Madison program offering its downtown businesses rent support, to a Brownstown tool supplier that committed to retaining and paying its employees during the pandemic.
"These are challenging times, and the COVID-19 crisis has been particularly difficult for small companies," said Duke Energy Indiana President Stan Pinegar. "These grants will support those businesses that are the backbone of the Hoosier communities we serve statewide."
Indiana economic development groups and other entities such as municipalities will receive $5,000 grants and will then identify businesses in need of the funds.
"This grant will allow us to provide temporary rent reductions to a handful of companies in our high-tech business incubators," said Paul Moses, director of business development for the Purdue Research Foundation. "We're hoping it will help them power through the crisis, enabling them to keep moving their innovative products and services to market."
The grants are in addition to $100,000 the Duke Energy Foundation awarded early in the crisis to help food banks and other community action groups across Indiana address hunger and other urgent needs. The Foundation also recently announced $382,000 in grants to support Indiana K-12 programs focused on summer reading programs, STEM and experiential learning. The Foundation is giving the schools and other groups receiving the grants flexibility to reallocate grant funds during the pandemic.
The following organizations are receiving grants, which they are distributing to Duke Energy business customers in their areas:
Economic Development Organization
Aspire Johnson County
Bloomington Economic Development Corporation
Boone County Economic Development Corporation
City of Fishers
City of Madison Economic Development
City of Westfield
Crawford County Economic Development
Greensburg/Decatur County Economic Development Corporation
Economic Development Coalition of Southwest Indiana
Economic Development Group of Connersville and Fayette County
Fulton Economic Development
Gibson County Economic Development Corporation
Greater Columbus Economic Development Corporation & Columbus Area Chamber of Commerce
Greater Kokomo Economic Development Alliance
Greater Lafayette Commerce
Greencastle/Putnam County Development Center
Greene County Economic Development Corporation
Grow Wabash County
Hamilton County Economic Development Corporation
Harrison County Economic Development Corporation
Indy Chamber & Indy Partnership
Jackson County Industrial Development Corporation
Jennings County Economic Development Commission
Lawrence County Economic Growth Council
Martin County Alliance
New Castle Main Street & New Castle-Henry County Economic Development Corporation
Northeast Indiana Regional Partnership
One Southern Indiana
Orange County Economic Development Partnership
Owen County Chamber of Commerce and Economic Development Corporation
Pike County Economic Development Corporation
Purdue Research Foundation
Southwest Central Region
Shelby County Development Corporation
Terre Haute Economic Development Corporation
Town of Brownsburg
Town of Plainfield
Union County Development Corporation
Washington County Economic Growth Partnership
Duke Energy Foundation
The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $30 million annually in charitable gifts and is funded by Duke Energy shareholder dollars.
In Indiana, the Foundation provides approximately $2 million in charitable gifts to a wide variety of nonprofit groups.
Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,600 megawatts of owned electric capacity to approximately 840,000 customers in a 23,000-square-mile service area, making it Indiana's largest electric supplier.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.
Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.
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