Submitted by Duke Energy
PLAINFIELD, Ind., June 6, 2023 /CSRwire/ - Duke Energy is awarding more than $125,000 in grants to 26 local and regional economic development organizations to spur new jobs and investment in Indiana communities. The grants are through Duke Energy’s Partnership Program, which funds marketing and strategic efforts to grow cities and towns.
“We believe that when our communities thrive, we thrive,” said Erin Schneider, managing director of Midwest economic development for Duke Energy. “That’s why we work hand in hand with local and regional economic development organizations to bring new jobs and capital investment to the communities we serve, and our Partnership Program is one example of that.”
Grant dollars are used to support marketing campaigns and promotional materials, website development and updates, conference and tradeshow registrations and continuing education.
The Greater Kokomo Economic Development Alliance will receive $5,000 in grant funding to help purchase new street sign banners bearing the group’s new branding, which includes a revamped logo, color palette and messaging that reflects the community’s unique character and aspirations.
“As the Kokomo community continues to grow and expand as a result of a new battery industry presence, we want to create a renewed sense of pride for current businesses and residents,” said Lori Dukes, president and CEO of the Greater Kokomo Economic Development Alliance. “Through this new marketing campaign and street sign banners, we’re able to create a unique identity and sense of place for those who call Kokomo home.”
Since the Partnership Program was established in 2017, Duke Energy has contributed more than $700,000 in grant funding to organizations that are helping create vibrant economies in Indiana.
To qualify for program consideration, each applicant submitted a plan that would have a direct impact on their community’s economic growth. These awards help local and regional economic development organizations fund marketing and strategic efforts in the communities they serve. Amounts varied depending on the size and scope of the project.
This year, grants were awarded to the following organizations:
Duke Energy Indiana
Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,300 megawatts of owned electric capacity to approximately 890,000 customers in a 23,000-square-mile service area, making it Indiana’s largest electric supplier.
Contact: McKenzie Barbknecht
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 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 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 27,600 people.
Duke Energy is executing an ambitious clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune’s 2023 “World’s Most Admired Companies” list and Forbes’ “World’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
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