Duke Energy Foundation funds $200,000 in crisis relief grants for small businesses in Indiana
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
Targeted County
---
Aspire Johnson County
Johnson
---
Bloomington Economic Development
Corporation
Monroe
---
Boone County Economic Development
Corporation
Boone
---
City of Fishers
Hamilton
---
City of Madison Economic Development
Jefferson
---
City of Westfield
Hamilton
---
Crawford County Economic Development
Crawford
---
Greensburg/Decatur County Economic
Development Corporation
Decatur
---
Economic Development Coalition of
Southwest Indiana
Southwest Region
---
Economic Development Group of
Connersville and Fayette County
Fayette
---
Fulton Economic Development
Fulton
---
Gibson County Economic Development
Corporation
Gibson
---
Greater Columbus Economic Development
Corporation & Columbus Area Chamber
of Commerce
Bartholomew
---
Greater Kokomo Economic Development
Alliance
Howard
---
Greater Lafayette Commerce
Tippecanoe
---
Greencastle/Putnam County
Development Center
Putnam
---
Greene County Economic Development
Corporation
Greene
---
Grow Wabash County
Wabash
---
Hamilton County Economic Development
Corporation
Hamilton
---
Harrison County Economic Development
Corporation
Harrison
---
Indy Chamber & Indy Partnership
Central Region
---
Jackson County Industrial Development
Corporation
Jackson
---
Jennings County Economic Development
Commission
Jennings
---
Lawrence County Economic Growth
Council
Lawrence
---
Martin County Alliance
Martin
---
New Castle Main Street & New Castle-
Henry County Economic Development
Corporation
Henry
---
Northeast Indiana Regional
Partnership
Northeast Region
---
One Dearborn
Dearborn
---
One Southern Indiana
Clark, Floyd
---
Orange County Economic Development
Partnership
Orange
---
Owen County Chamber of Commerce and
Economic Development Corporation
Owen
---
Pike County Economic Development
Corporation
Pike
---
Purdue Research Foundation
Tippecanoe
---
Radius Indiana
Southwest Central Region
---
Shelby County Development Corporation
Shelby
---
Terre Haute Economic Development
Corporation
Vigo
---
Town of Brownsburg
Hendricks
---
Town of Plainfield
Hendricks
---
Union County Development Corporation
Union
---
Washington County Economic Growth
Partnership
Washington
---
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.
More information about the Foundation and its Powerful Communities program can be found at duke-energy.com/foundation.
Duke Energy Indiana
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.
Duke Energy was named to Fortune's 2020 "World's Most Admired Companies" list, and Forbes' 2019 "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 Twitter, LinkedIn, Instagram and Facebook.
Contact: Angeline Protogere
Office: 317.838.1338| Mobile: 317.431.1910
24-Hour: 800.559.3853
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SOURCE Duke Energy
