Program focused on creating jobs through redevelopment, restoration of urban properties.
More than $2.9 million in grants awarded to 91 projects since program’s 2011 launch.
CINCINNATI – Duke Energy today announced the recipients of its 2021 Urban Revitalization grants, which deliver $250,000 to eight redevelopment and small business assistance programs across southwest Ohio and Northern Kentucky.
This is the 11th year for the company to distribute Urban Revitalization grants. Since launching the program in 2011, Duke Energy has awarded more than $2.9 million to 91 grantees across Greater Cincinnati.
“Our urban corridors and main streets are critical to the vitality of our local communities, but they have been adversely impacted by the pandemic,” said Amy Spiller, president, Duke Energy Ohio and Kentucky. “Through our Urban Revitalization grants, we are able to help be a part of the long-term solutions our neighborhoods need to spur development and succeed.”
The grants typically provide gap funding and are catalysts for further economic development in the urban core.
“Keeping our communities vibrant is critical now more than ever. Receiving this grant from Duke Energy will allow us to pay for the pre-development costs and accelerate bringing Northwood Cider Company to Norwood. Duke Energy’s grant is a testament to their commitment to helping small businesses and local economies. And, for that we’re grateful,” said Mary Miller, president, Norwood Together.
“We are very appreciative of our partnership with the Duke Energy Foundation which so strongly supports our investments in Northern Kentucky’s River Cities,” said Jeanne Schroer, president/CEO, Catalytic Fund. “Duke Energy consistently gives back to the communities they serve and their support is critical given the increased need over the past 18 months. With Duke’s support, we can continue to convert vacant and blighted buildings into productive assets, bring jobs to our region, and continue to help our local economies recover,” Schroer added.
2021 Urban Revitalization Grant recipients
Corporation of Silverton
Funds will be used in two entire city blocks along Montgomery Road targeted as ripe for redevelopment. The proposed mixed-use redevelopment would alter current land uses, increase density and replace existing buildings.
HCDC, Bond Hill and Roselawn
Grant will be used to assist small businesses in need in the Bond Hill and Roselawn areas.
Norwood Together, Northwoods Cider Co., 2075 Mills Ave., Norwood
The goal of this project is to assist Northwood Cider Co. to locate its business in the heart of the Norwood business district by providing funding for pre-development costs.
ROMAC/Regal Project, West End
These funds will be used to help ROMAC create the premier hub of arts and culture in the region that supports and showcases multicultural artists. The center will be essential for building community, supporting development, nurturing health and well-being, and contributing to economic opportunity.
Catalytic Development Funding Corp., Char Restaurant, 6th and Madison, Covington
The grant will be used to help redevelop the old, six-story Republic Building to create a rooftop restaurant in the downtown urban core of Covington’s historic district.
Catalytic Development Funding Corp., Raymee, 6th and Berry, Dayton
Funds will be used to find a partner to design and engineer the redevelopment of this prominent, vacant corner historic building in Dayton’s business district into a high-quality mixed-use asset.
Catalytic Development Funding Corp., The Granary, 532 W. 10th Street, Newport
Funds will be used to engineer and design the former grain and storage facility into The Granary restaurant and event space, located in the west side of Newport.
Center for Great Neighborhoods, St. Elizabeth Studios, Eastern Avenue and 20th Street, Covington
Grant dollars will be used to help design building out the fifth story of the building, currently vacant, into unique artist studios and creative businesses, which are in high demand in Northern Kentucky.
Duke Energy Ohio/Kentucky
Duke Energy Ohio/Kentucky, a subsidiary of Duke Energy, provides electric service to about 860,000 residential, commercial and industrial customers in a 3,000-square-mile service area, and natural gas service to approximately 538,000 customers.
The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $30 million annually in charitable gifts, and is funded by Duke Energy shareholder dollars. More information about the foundation and its Powerful Communities program can be found at duke-energy.com/foundation.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.
Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50% carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune’s 2021 “World’s Most Admired Companies” list and Forbes’ “America’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.
Media contact: Sally Thelen
Media line: 800.559.3853