Duke Energy Foundation Promises $500,000 in Grants for NC Small Businesses
In a landmark initiative aimed at bolstering the small business sector, Duke Energy Foundation has announced a generous grant program totaling $500,000. This strategic move, focusing on communities in North Carolina, is designed to provide essential financial support, fostering local economic growth and innovation.
Starting from now until October 31, 2025, eligible nonprofit organizations have the opportunity to apply for grants of up to $25,000. These grants will, in turn, empower nonprofits to distribute funding awards of up to $5,000 to individual small businesses. These funds are aimed at helping local enterprises such as restaurants and retail outlets to complete renovations, procure necessary equipment, invest in technology, purchase inventory, and meet other pivotal business needs.
This initiative builds upon the Foundation’s previous commitment to supporting the local economy. In 2024 alone, twenty nonprofit organizations received funding to assist small businesses, including notable groups like the Downtown Greensboro Foundation, the Durham Chamber Legacy Foundation, and the Caraway Foundation in Anson County. Since 2020, the Duke Energy Foundation has dedicated over $2.4 million to nurturing small businesses across the state, underscoring its commitment to community development.
Kendal Bowman, Duke Energy's North Carolina president, articulated the crucial role of small businesses in the state's economic landscape, stating, "Small businesses are the backbone of the economy, especially in North Carolina where they employ nearly half of the state’s workforce." By extending this grant program, Duke Energy aims to stimulate local economies, create jobs, and encourage sustainable economic growth in areas where they operate.
Eligible nonprofits interested in applying for these grants can find additional information and complete their applications through the Duke Energy Foundation's website. This considerable funding opportunity is vital for local businesses looking to recover and thrive in a post-pandemic landscape.
Duke Energy Foundation is dedicated to contributing over $30 million annually in philanthropic support tailored to meet the evolving needs of the communities in which Duke Energy customers reside and work. The bulk of this funding is derived from Duke Energy shareholders, reflecting a broader commitment to corporate social responsibility.
Headquartered in Charlotte, North Carolina, Duke Energy (NYSE DUK) stands as one of America's largest energy holding companies, serving 8.6 million customers across multiple states. The company is engaged in an ambitious plan to transition towards cleaner energy solutions while ensuring customer reliability and value remain top priorities. Their ongoing investments into electric grid upgrades and greener energy generation sources, like natural gas, nuclear, renewables, and energy storage, signify a broader trend toward sustainable practices.
For more news and updates, readers can visit duke-energy.com or follow Duke Energy on social platforms such as X, LinkedIn, Instagram, and Facebook. Stories on the energy transition, the people behind the innovations, and the impacts of these programs can be found on illumination, the company’s narrative platform designed to showcase the community-focused endeavors and technological advancements powered by Duke Energy.
This new grant opportunity not only highlights Duke Energy's vested interest in the prosperity of local businesses but also reaffirms its role as a pivotal player in community development across North Carolina.
Starting from now until October 31, 2025, eligible nonprofit organizations have the opportunity to apply for grants of up to $25,000. These grants will, in turn, empower nonprofits to distribute funding awards of up to $5,000 to individual small businesses. These funds are aimed at helping local enterprises such as restaurants and retail outlets to complete renovations, procure necessary equipment, invest in technology, purchase inventory, and meet other pivotal business needs.
This initiative builds upon the Foundation’s previous commitment to supporting the local economy. In 2024 alone, twenty nonprofit organizations received funding to assist small businesses, including notable groups like the Downtown Greensboro Foundation, the Durham Chamber Legacy Foundation, and the Caraway Foundation in Anson County. Since 2020, the Duke Energy Foundation has dedicated over $2.4 million to nurturing small businesses across the state, underscoring its commitment to community development.
Kendal Bowman, Duke Energy's North Carolina president, articulated the crucial role of small businesses in the state's economic landscape, stating, "Small businesses are the backbone of the economy, especially in North Carolina where they employ nearly half of the state’s workforce." By extending this grant program, Duke Energy aims to stimulate local economies, create jobs, and encourage sustainable economic growth in areas where they operate.
Eligible nonprofits interested in applying for these grants can find additional information and complete their applications through the Duke Energy Foundation's website. This considerable funding opportunity is vital for local businesses looking to recover and thrive in a post-pandemic landscape.
Duke Energy Foundation is dedicated to contributing over $30 million annually in philanthropic support tailored to meet the evolving needs of the communities in which Duke Energy customers reside and work. The bulk of this funding is derived from Duke Energy shareholders, reflecting a broader commitment to corporate social responsibility.
Headquartered in Charlotte, North Carolina, Duke Energy (NYSE DUK) stands as one of America's largest energy holding companies, serving 8.6 million customers across multiple states. The company is engaged in an ambitious plan to transition towards cleaner energy solutions while ensuring customer reliability and value remain top priorities. Their ongoing investments into electric grid upgrades and greener energy generation sources, like natural gas, nuclear, renewables, and energy storage, signify a broader trend toward sustainable practices.
For more news and updates, readers can visit duke-energy.com or follow Duke Energy on social platforms such as X, LinkedIn, Instagram, and Facebook. Stories on the energy transition, the people behind the innovations, and the impacts of these programs can be found on illumination, the company’s narrative platform designed to showcase the community-focused endeavors and technological advancements powered by Duke Energy.
This new grant opportunity not only highlights Duke Energy's vested interest in the prosperity of local businesses but also reaffirms its role as a pivotal player in community development across North Carolina.
Topics General Business）
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