Empowering Communities: Duke Energy Foundation’s Grant Program
In a significant move to bolster local economies, the Duke Energy Foundation has unveiled a new grant opportunity aimed at supporting small businesses across North Carolina. With a hefty $500,000 pot available, eligible nonprofit organizations are invited to apply for grants of up to $25,000. The foundation underscores its commitment to fostering small business growth, an essential pillar of community vitality.
Grant Details
Eligible nonprofit organizations can apply for grants that can make a substantial difference in their communities. These organizations will then distribute awards of up to $5,000 to individual small businesses, providing much-needed financial support for local ventures. Notably, these funds can be utilized for various purposes, including renovations, purchasing equipment or technology, buying inventory, or addressing other essential business needs. This flexibility ensures that the funds can adapt to the unique challenges faced by local entrepreneurs.
Application Timeline
The application period is now open and will continue through October 31, 2025. Nonprofits keen on securing these grants are encouraged to act promptly. Detailed information and application resources can be found on the Duke Energy Foundation’s dedicated webpage, allowing easy navigation for potential applicants.
A Look Back: Previous Support
Reflecting on its history of community support, the Duke Energy Foundation has previously awarded funding to twenty organizations in North Carolina in 2024, including noteworthy recipients like the Downtown Greensboro Foundation and the Caraway Foundation in Anson County. The Foundation’s commitment to economic development in the region is evident, having provided over $2.4 million in support to small businesses since 2020.
Impact on Local Economies
“Small businesses are the backbone of the economy, especially in North Carolina where they employ nearly half of the state’s workforce,” remarked Kendal Bowman, Duke Energy’s North Carolina president. This perspective emphasizes the foundation’s understanding of the crucial role that small businesses play in job creation and community growth. Through strategic grantmaking, the Foundation aspires to stimulate local economies and foster sustainable economic growth, impacting countless lives in the process.
About Duke Energy Foundation
The Duke Energy Foundation is dedicated to philanthropic efforts, contributing more than $30 million annually to meet community needs. Funded by Duke Energy shareholders, the foundation actively seeks to enhance the quality of life for residents in the areas served by the company. Its wide-ranging support underscores a commitment to improving educational opportunities, environmental stewardship, and economic advancement.
Duke Energy’s Broader Mission
Duke Energy itself is one of America’s largest energy holding companies, serving approximately 8.6 million customers across several states, including North Carolina and South Carolina. The company is at the forefront of an ambitious energy transition, ensuring reliability while investing in cleaner energy sources. Major investments are being made in electric grid upgrades and renewable energy technologies, highlighting Duke Energy’s commitment to building a smarter energy future.
Stay Connected
<pFor those interested in ongoing developments and insights from Duke Energy, more information can be accessed via their official websites and social media channels. Follow them for updates on their initiatives, including community support efforts and innovations in energy technology.
Contact: Garrett Poorman
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