Duke Energy Foundation provides $200,000 in grants to bolster Florida's vibrant economy

Rhea-AI Summary

The Duke Energy Foundation is investing $200,000 in grants to support 15 economic development organizations in Florida. These grants aim to attract businesses to the state and strengthen its economy. Notable recipients include:

- The Orlando Economic Partnership, receiving $20,000 to develop a tool comparing Orlando's business location factors with other major regions.

- The St. Petersburg Area Economic Development , awarded $12,500 to promote the city as a business location, focusing on the Historic Gas Plant District.

This initiative is part of Duke Energy Foundation's annual philanthropic support of over $30 million to meet community needs. Duke Energy Florida, a subsidiary, supplies electricity to 1.9 million customers across a 13,000-square-mile service area in Florida.

Positive

• Duke Energy Foundation is investing $200,000 in grants to support economic development in Florida
• The grants will support 15 economic development organizations across the state
• Duke Energy Foundation provides over $30 million annually in philanthropic support
• Duke Energy Florida serves 1.9 million customers across a 13,000-square-mile area

Negative

• None.

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• Grants will support 15 economic development organizations working to attract businesses to the state 

ST. PETERSBURG, Fla., Aug. 29, 2024 /PRNewswire/ -- The Duke Energy Foundation is investing $200,000 in grants to support 15 economic development organizations working to attract business to the state and bolster Florida's vibrant economy.

"Companies often consider establishing, expanding or relocating their operations to Florida because of the state's economic strength," said Melissa Seixas, Duke Energy Florida state president. "It's a privilege to support innovative strategies that will build on that success and help ensure our economy continues to grow and thrive for generations to come."

The Orlando Economic Partnership will use a $20,000 grant to develop a tool that will compare Orlando's key business location factors to those of the 30 most populous large regions in the country.

"The Duke Energy Foundation's grant will allow us to have a tool designed to generate new business development leads, create jobs and drive investment in the Orlando region," said Neil Hamilton, Orlando Economic Partnership vice president of market intelligence. "Having access to this data will be invaluable to our economic development efforts, and we are confident it will attract new business opportunities and elevate Orlando's standing as a top metropolitan area."

Another grantee, the St. Petersburg Area Economic Development Corporation, will use $12,500 to increase awareness of the city as a business location – highlighting the Historic Gas Plant District – among site consultants.  

"The Duke Energy Foundation grant will help the St. Pete EDC capitalize on this inflection point in our community's growth," said Mike Swesey, St. Petersburg Area Economic Development Corporation president and CEO. "We are poised to become one of the most desirable cities in the country for businesses, and this grant allows us to tell our story to key decision-makers. We are so fortunate to have the backing of Duke, who continually supports the economic growth that benefits our residents."

A complete list of grant recipients can be found below, with additional details available here.

• City of Apopka
• CareerSource Polk/Haines City Economic Development Council
• Citrus County Board of County Commissioners
• CORE Business Center
• City of Deland
• City of Eustis
• Florida's Great Northwest
• Hernando County Board of County Commissioners
• Highlands County Board of County Commissioners
• Nature Coast Business Development Council
• Orlando Economic Partnership/Foundation for Orlando's Future
• Pasco Economic Development Council
• Pinellas County Board of County Commissioners
• St. Petersburg Area Economic Development Corporation
• Team Volusia Economic Development Corporation

For more information about the Duke Energy Foundation, please visit duke-energy.com/community/duke-energy-foundation/Florida. 

Duke Energy Foundation

The Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, owns 10,500 megawatts of energy capacity, supplying electricity to 1.9 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Media contact: Aly Coleman Raschid
Media line: 800.559.3853

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SOURCE Duke Energy

FAQ

How much is Duke Energy Foundation investing in Florida's economic development grants?

Duke Energy Foundation is investing $200,000 in grants to support 15 economic development organizations in Florida.

What is the purpose of Duke Energy Foundation's grants to Florida organizations?

The grants aim to support economic development organizations in attracting businesses to Florida and bolstering the state's economy.

How much did the Orlando Economic Partnership receive from Duke Energy Foundation's grant program?

The Orlando Economic Partnership received a $20,000 grant from Duke Energy Foundation.

What will the St. Petersburg Area Economic Development use its Duke Energy Foundation grant for?

The St. Petersburg Area Economic Development will use its $12,500 grant to increase awareness of the city as a business location, highlighting the Historic Gas Plant District.

How many customers does Duke Energy Florida (DUK) serve in its service area?

Duke Energy Florida serves 1.9 million residential, commercial, and industrial customers across a 13,000-square-mile service area in Florida.