Duke Energy Foundation funds crisis relief grants
The Duke Energy Foundation is funding $200,000 in grants to Indiana economic development organizations offering crisis relief to small Indiana businesses.
“These are challenging times, and the COVID-19 crisis has been particularly difficult for small companies,” said Stan Pinegar, Duke Energy Indiana president. “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 throughout 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.
Among organizations receiving grants to be distributed to Duke Energy business customers in their areas are the Harrison County Economic Development Corp., the Crawford County Economic Development and One Southern Indiana.