EDC grant aids Corydon businesses
The Harrison County Economic Development Corp. used a $5,000 grant it received earlier this year from the Duke Energy Foundation to support Duke Energy customers in Harrison County impacted by the COVID-19 shutdown.
While various programs ranging from the national level of the U.S. CARES Act to the community level of the Harrison County COVID-19 Recovery Program and the Indiana Office of Community and Rural Affairs grant to the Town of Corydon have helped many businesses and organizations in Harrison County, the recovery period is going to last for a long time and making debt payments will continue to be a burden.
The EDC recently administered a Small Business Loan Program and customers of that program who are also Duke Energy customers were notified they would each have $1,000 waived from their principal balances. The five businesses are 1816 Modern Kitchen and Cocktails, Conrad Music Service, Corydon Live, White House Candy Co. and Zimmerman Art Glass.
Stan Pinegar, Duke Energy Indiana state president, was in Corydon last week to visit the businesses being aided.
Darrell Voelker, executive director of the Harrison County EDC, said his corporation is trying to keep a pulse on the community’s needs and help when and where they can.
“The complete impact of COVID on our business community is still uncertain, but we are staying in touch with the needs of all of our businesses to try to support their recovery,” he said.
The Small Business Loan payments were suspended for several months for most of the EDC customers, and this additional support is to provide more long-term impact to help the businesses succeed.
“We are fortunate that we can provide tools to help these businesses, and we want them to know we are their partner as we work through the challenges brought about by the pandemic,” Voelker said. “We sincerely appreciate the financial support of the Duke Energy Foundation to make this possible.”