Duke Energy grants $326,500 to boost Florida's economy
The Greater Tampa Bay Area received the largest regional allocation, at $120,000.
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Rhea-AI Summary
Duke Energy (DUK) and the Duke Energy Foundation awarded $326,500 to organizations supporting workforce development and business growth across Florida. The 27 recipients include nonprofits and government entities. The funds will support efforts to promote careers in emerging industries, attract companies and make it easier to do business in the state.
Allocations total $35,000 statewide, $104,000 in North Florida, $67,500 in Central Florida and $120,000 in the Greater Tampa Bay Area. Projects include updating Wakulla County's 2022 economic development plan to address workforce needs and explore agricultural technology and aquaculture opportunities. Other grants will support an interactive online tool presenting Orlando's economic strengths to potential investors and an analysis of entrepreneurship and business development efforts in Pasco County.
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High-impact investments
Examples of how the grants will be used include:
- Updating
Wakulla County's 2022 Economic Development Strategic Plan to address workforce needs stemming from new businesses in the area while also exploring ag-tech and aquaculture opportunities. - Deploying an interactive online tool to share
Orlando's new capability-led approach to economic development – focused on the city's specific strengths rather than traditional industry categories – with potential investors. - Conducting an economic impact analysis to quantify the value of entrepreneurship and business retention, expansion and attraction efforts in
Pasco County , providing data-driven insights to support future decision-making.
Positive response
- "Being from a small rural community, I know how important it is to have partners who see our potential and are willing to invest in our future," said Chelsea Morgan, North Florida Economic Development Partnership Foundation Board of Directors Lafayette County liaison. "Working with Duke Energy on this project means a lot to me because it gives
Lafayette County resources, exposure and opportunities that can help us grow while still keeping the things that make our community special. I'm grateful for the relationship we've built and for Duke Energy's continued commitment to supporting rural communities like ours." - "Strong partnerships help build strong communities," said Andria Herr,
Seminole County Board of County Commissioners chair. "Duke Energy's support will help more entrepreneurs and small businesses discover the resources available to grow, create jobs and contribute toSeminole County's economy." - "Duke Energy's investment will help
Clearwater attract businesses, generate quality jobs, expand our economic base and strengthen our community's long-term economic competitiveness," said Christopher Edwards, City ofClearwater director of economic development and housing. "This partnership allows us to proactively positionClearwater for an urban renaissance of private investment."
All grant recipients
Statewide (
- Florida Economic Development Council Research & Education Foundation (
)$20,000 - FloridaMakes (
)$15,000
- City of Jasper (
)$10,000 Florida's Great Northwest ( )$10,000 Jefferson County Board of County Commissioners ( )$10,000 Lafayette County Board of County Commissioners ( )$10,000 Levy County Board of County Commissioners ( )$10,000 - North Florida Economic Development Partnership Foundation (
)$15,000 Suwannee County Economic Development Office ( )$25,000 - Taylor County Development Authority (
)$7,000 Wakulla County Board of County Commissioners ( )$7,000
- City of
DeBary ( )$10,000 - Daytona Beach Community Foundation (
)$12,500 - Foundation for
Orlando's Future ( )$15,000 - Ocala Metro Chamber & Economic Partnership Foundation (
)$10,000 Seminole County Board of County Commissioners ( )$5,000 - Sumter County Economic Development (
)$15,000
- Citrus County Economic Development (
)$10,000 - City of
Clearwater ( )$16,000 - City of Haines City (
)$15,000 City of Treasure Island ( )$5,000 City of Winter Haven ( )$9,000 - Greater St. Petersburg Area Economic Development Corporation Foundation (
,000)$20 Hernando County Office of Economic Development ( )$10,000 Highlands County Board of County Commissioners ( )$15,000 - Lake Wales Area Foundation (
)$10,000 - Pasco Economic Development Council (
)$10,000
Duke Energy Foundation
The Duke Energy Foundation provides nearly
Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,500 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.
More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.
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SOURCE Duke Energy