Duke Energy offers $500,000 to support small businesses across North Carolina

Duke Energy (NYSE: DUK) is providing $500,000 in Duke Energy Foundation grants to support nonprofit-led programs that assist small businesses across North Carolina.

Rhea-AI Summary

Duke Energy (NYSE: DUK) is providing $500,000 in Duke Energy Foundation grants to support nonprofit-led programs that assist small businesses across North Carolina. Eligible nonprofits can receive up to $25,000, which will be distributed as microgrants of up to $5,000 to individual small businesses.

Applications are open through June 30, 2026. According to Duke Energy, the Foundation has committed more than $2.9 million to North Carolina small businesses since 2020 and provides nearly $30 million annually in philanthropic support.

Argus Jun 4 session

+0.64% close to close Open Argus

Details

News Market Reaction – DUK

On Jun 4, the day this news came out, DUK closed 0.64% above the previous close.

Data tracked by StockTitan Argus for the Jun 4 session.

Key Figures

Small-business grant pool: $500,000 Nonprofit grant size: Up to $25,000 Small-business microgrants: Up to $5,000 +5 more

Small-business grant pool

$500,000

Duke Energy Foundation grants for NC small-business programs

Nonprofit grant size

Up to $25,000

Maximum grant per eligible nonprofit organization

Small-business microgrants

Up to $5,000

Awards to individual small businesses via nonprofits

Cumulative NC support

More than $2.9 million

Small-business support across North Carolina since 2020

Annual philanthropic support

Nearly $30 million

Duke Energy Foundation giving funded by shareholders

Electric customers

8.7 million

Customers served across six U.S. states

Energy capacity

55,700 megawatts

Collective electric capacity owned by Duke Energy utilities

Gas customers

1.6 million

Natural gas utilities customers across four states

Historical Context

5 past events · Latest: May 29

5 events

1. May 29

   Rate reduction

   24h Move

   -0.8%

   Florida rate cuts lowering a typical bill about $50 or 25% vs January.

2. May 28

   Community grants

   24h Move

   -1.3%

   $500,000 in North Carolina grants for hurricane-season storm preparedness.

3. May 27

   Program launch

   24h Move

   +0.3%

   Approval of PowerShare Storage program with multiple bill-credit incentives.

4. May 26

   Community grants

   24h Move

   -0.6%

   $130,000 to 10 Florida organizations for storm preparedness initiatives.

5. May 20

   Veteran support grants

   24h Move

   -0.0%

   $30,000 Memorial Day grants supporting South Carolina veterans’ workforce efforts.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

megawatts

1 terms

megawatts technical

"collectively own 55,700 megawatts of energy capacity."

A megawatt is a measure of electrical power equal to one million watts, describing how much electricity a plant or device can generate or use at a single moment. Investors use megawatts to compare the size and earning potential of energy projects—larger capacity usually means more electricity to sell—much like comparing the horsepower of engines to judge how much work they can do. Knowing megawatts helps assess scale, revenue potential, and grid impact of energy assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Eligible nonprofit organizations can apply for grants of up to $25,000 by June 30
• Nonprofit organizations will use the funds to provide awards of up to $5,000 to individual small businesses

CHARLOTTE, N.C., June 4, 2026 /PRNewswire/ -- The Duke Energy Foundation today announced $500,000 in grants to support nonprofit-led programs that help small businesses start, grow and thrive across North Carolina.

Zoom in: Nonprofit organizations can apply for $25,000 grants, which will then fund microgrants of up to $5,000 to individual small businesses. Funding can be used by local businesses like restaurants and retail stores to complete renovations, buy equipment or technology, purchase inventory or meet other business needs.

Flashback: Twenty North Carolina organizations were awarded funding for small business support in 2025, including Beaufort Business Association and Moore County Economic Development Partnership. Since 2020, Duke Energy Foundation has committed more than $2.9 million to support small businesses across North Carolina.

Why it matters: "Small businesses are the backbone of the economy, especially in North Carolina where they employ nearly half of the state's workforce," said Kendal Bowman, Duke Energy's North Carolina president. "Through strategic grantmaking, the Foundation helps to stimulate local economies, create jobs and foster economic growth in the communities where Duke Energy operates."

How to apply: Eligible nonprofits can find additional program details and apply via the Duke Energy Foundation's website. Applications are open now through June 30, 2026.

Duke Energy Foundation
Duke Energy Foundation provides nearly $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
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

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.

Contact: Madison McDonald
24-Hour: 800.559.3853

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-offers-500-000-to-support-small-businesses-across-north-carolina-302791733.html

SOURCE Duke Energy

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Duke Energy (DUK) offering to support small businesses in North Carolina in 2026?

Duke Energy is offering $500,000 in Duke Energy Foundation grants to support nonprofit-led programs for small businesses across North Carolina. According to Duke Energy, nonprofits can receive up to $25,000 each to fund microgrants of up to $5,000 to individual businesses.

Who can apply for the 2026 Duke Energy Foundation small business grants related to DUK?

Eligible nonprofit organizations can apply for the 2026 Duke Energy Foundation small business grants. According to Duke Energy, these nonprofits will use awards of up to $25,000 to provide microgrants, up to $5,000 each, to local small businesses such as restaurants and retail stores.

What is the application deadline for Duke Energy (DUK) small business support grants in North Carolina?

Applications for the Duke Energy Foundation small business support grants are open through June 30, 2026. According to Duke Energy, eligible nonprofits must apply online via the Foundation’s website, where they can review detailed program criteria and funding guidelines before submitting proposals.

How will small businesses use funds from the Duke Energy (DUK) microgrants program?

Small businesses can use microgrants of up to $5,000 for key operational needs. According to Duke Energy, funds may support renovations, equipment or technology purchases, inventory, or other qualified business expenses for local establishments such as restaurants, retail stores, and similar enterprises across North Carolina.

How much has Duke Energy (DUK) committed to North Carolina small businesses since 2020?

Duke Energy Foundation has committed more than $2.9 million to support North Carolina small businesses since 2020. According to Duke Energy, this ongoing funding includes the new $500,000 grant program and is part of nearly $30 million in annual philanthropic support companywide.

What is the role of Duke Energy Foundation in communities served by DUK?

Duke Energy Foundation provides nearly $30 million annually in philanthropic support in communities where Duke Energy customers live and work. According to Duke Energy, the Foundation, funded by shareholders, backs initiatives like small business microgrants to stimulate local economies, support jobs, and foster economic growth.