Connect with us

Plato Vertical Search

Energy

Duke Energy provides $750,000 in grants across North Carolina for small-business revitalization

CHARLOTTE, N.C., Sept. 28, 2021 /PRNewswire/ — The Duke Energy Foundation today distributed $750,000 in grants to help local businesses across North Carolina – from restaurants to retailers – adapt to the unprecedented challenges caused by the pandemic.

The total represents a 50% increase over the $500,000 in funding announced in April due to the breadth and quality of the funding applications. As a result, the Hometown Revitalization grant program will now support 30 communities throughout the state rather than the original 20 planned at the program’s inception.

“After our success in supporting the Downtown Raleigh Alliance, which was the model for this program, we knew that a series of targeted grants could do wonders to help North Carolina businesses and storefronts recover,” said Stephen De May, Duke Energy’s North Carolina president. “We were astounded by the number and quality of the applications, so we decided to increase the foundation’s commitment and help even more downtown communities bounce back.”

The Hometown Revitalization grants were awarded to the following 30 community organizations – quotes from each on the impact of the grants can be found here:

Organization                                                 

County

  • Alexander County Economic Development Corp.

Alexander

  • Clayton Chamber Foundation

Johnston

  • Coalicion Latinoamericana

Mecklenburg

  • Davie Community Foundation                                     

Davie

  • Downtown Washington on the Waterfront

Beaufort

  • Downtown North Wilkesboro Partnership

Wilkes

  • Downtown Southport

Brunswick

  • Eden Downtown Development

Rockingham

Henderson

  • Fuquay-Varina Downtown Association

Wake

  • Gibsonville Garden Railroad

Guilford

  • Graham Revitalization Economic Action Team (Great)

Graham

  • Jones County Committee of 100

Jones

  • Laurinburg Downtown Advisory Committee

Scotland

  • Lincoln Economic Development Association

Lincoln

  • Mitchell County Development Foundation

Mitchell

  • Nantahala Health Foundation

Cherokee

  • Polk County Chamber Foundation

Polk

  • Pride of Kinston

Lenoir

  • Reidsville Downtown Corp.

Rockingham

  • Renaissance Downtown Durham

Durham

  • Rutherford Town Revitalization

Rutherford

  • Salisbury Community Development Corp.

Rowan

  • Sanford-Lee County Partnership for Prosperity Foundation

Lee

  • Surry County Economic Development Foundation

Surry

  • United Way of Richmond County

Richmond

  • Uptown Roxboro Group

Person

  • Wallace Revitalization Association

Duplin

  • Wilmington Downtown

New Hanover

Each community was awarded $25,000 through a partnership with these local 501(c)(3)-administering nonprofits. The administering entity will establish a small-business support microgrant program to deploy the funding within their local community. Microgrants may range from $500 to $2,500 per individual business.

The Hometown Revitalization grant program was inspired by a successful collaboration between the Downtown Raleigh Alliance and Duke Energy that provided nearly 100 grants to downtown Raleigh storefronts. The grants allowed the establishments the opportunity to create outdoor seating and serving opportunities, develop e-commerce websites, repair window fronts, and upgrade health and safety elements.

Nicole Thompson, president and CEO of Downtown Durham, anticipates a similar impact in her community.

Downtown Durham small businesses have weathered an extremely challenging few years, from an explosion that damaged multiple businesses in the Brightleaf District to the economic devastation brought on by the pandemic,” she said. “The Duke Energy Hometown Revitalization Grant program will provide vital support and help to strengthen these small businesses as they recover, rebound and reinvent to succeed in this new economy.”

In Charlotte, the strongest application was put forth by the Latin American Coalition.

“Here in Charlotte, many Latino small businesses were started by immigrants or the children of immigrants,” said Jose Hernandez-Paris, executive director of the Coalition. “They are hard-working folks who need help recovering from the effect of the pandemic. The Hometown Revitalization Grant from Duke Energy will provide small-business owners a lifeline to stabilizing their business as we continue to recover. We are grateful for the support from Duke Energy and their commitment to our community, our families and to our small businesses.”

Small businesses interested in learning about how the program will be rolled out in their communities should inquire with the local nonprofit administering the microgrants.

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. More information about the Foundation can be found at duke-energy.com/foundation.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.

Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2021 “World’s Most Admired Companies” list and Forbes’ “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on TwitterLinkedInInstagram and Facebook.

Contact: Bill Norton
24-Hour: 800.559.3853

SOURCE Duke Energy

Duke Energy provides $750,000 in grants across North Carolina for small-business revitalization

Related Links

www.duke-energy.com

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/duke-energy-provides-750-000-in-grants-across-north-carolina-for-small-business-revitalization-301387141.html

Related Streams

Aviation

First established as Trans-Canada Air Lines in 1937, the carrier we now know today as Air Canada has…

Aviation

Bain Capital, the private equity firm that purchased Virgin Australia out of voluntary administration in November 2020, is reportedly eyeing to float the company...

Aviation

In an apparent bid to raise its profile and increase engagement with the public, ITA Airways is launching…

Cyber Security

Taiwanese company QNAP has warned customers to secure network-attached storage (NAS) appliances and routers against a new ransomware variant called DeadBolt. "DeadBolt has been...