Results in 2017 included delivering more than $5.9 billion in capital investments and more than 12,460 new jobs
Expanding electrification team and selection as a finalist for an automaker were critical milestones and learning opportunities for the future
CHARLOTTE, N.C. -- For the 14th consecutive year, Duke Energy has been named to Site Selection magazine's annual list of "Top Utilities in Economic Development."
In the magazine's September edition, it credits Duke Energy's economic development team and its successful collaboration with state and local partners for delivering more than $5.9 billion in capital investments and more than 12,460 new jobs in 2017. Duke Energy has been featured on the list every year since 2005.
In 2017, the company's economic development team launched new and improved economic development recruitment initiatives, adopted drone technology to help showcase industrial sites and grew the economic development team. In addition, a primary focus for the team last year was expanding Duke Energy's electric vehicle and industrial electrification programs.
"Electrification and economic development work hand-in-glove with each other when it comes to business recruitment and development," said Clark Gillespy, senior vice president for economic development at Duke Energy. "The two groups complement each other very well, and that's why we strategically placed them together."
The economic development team was involved in many wins in 2017, including such companies as Egger Wood Products, Pfizer and Corning Fiber. But one of the experiences for the Duke Energy team in 2017 was the effort to recruit a major automaker – Toyota Mazda – to its service territory. Though Duke Energy's territory was selected as a finalist, that project eventually landed in Huntsville, Ala.
"In the end, Toyota chose to build its facility elsewhere," said Stu Heishman, vice president of economic development, business recruitment and territorial strategies. "But the effort to win taught us indelible lessons about our resourcefulness and creativity, and it opened up new processes to accomplish what was once thought to be impossible — lessons that will no doubt serve us well in competitions to come."
This further highlights how Duke Energy's approach to economic development is unique in the utility industry.
"Economic development is a team sport and we are a key position player – working with many local and regional partners in different capacities throughout the economic development process to achieve success," Heishman said. "Our team is committed to the mission of adding capital investment and jobs in the communities across our seven-state service area."
To read the full article, go to https://siteselection.com/issues/2018/sep/top-utilities-2018-all-things-to-most-people.cfm.
For more information about Duke Energy's economic development programs, visit locationdukeenergy.com.
About Duke Energy
Headquartered in Charlotte, N.C., Duke Energy (NYSE: DUK) is one of the largest energy holding companies in the U.S., with approximately 29,000 employees and a generating capacity of 49,500 megawatts. The company is transforming its customers' experience, modernizing its energy grid, generating cleaner energy and expanding its natural gas infrastructure to create a smarter energy future for the people and communities it serves.
The company's Electric Utilities and Infrastructure unit serves approximately 7.6 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its Gas Utilities and Infrastructure unit distributes natural gas to approximately 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Its Commercial Renewables unit operates a growing renewable energy portfolio across the U.S.
A Fortune 125 company, Duke Energy was named to Fortune's 2018 "World's Most Admired Companies" list and Forbes' 2018 "America's Best Employers" list.
More information about the company is available at duke-energy.com. The Duke Energy News Center includes news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
Contact: Ryan Mosier