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Since 2011, more than 100 grants and $3.2 million have been awarded.
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It supports development to solve urban problems and revitalize vacant buildings by creating jobs and active communities
CINCINNATI – Today, the Duke Energy Foundation announced $250,000 in urban revitalization grants for eight projects in southwest Ohio and northern Kentucky. This grant program encourages economic growth by renovating and renovating urban assets, which in turn, brings jobs and growth to the region.
While Duke Energy continues to provide grants during the COVID-19 pandemic, grant ceremonies have been halted for safety reasons. As such, the company celebrated its long-delayed 10th anniversary of the Urban Revitalization Grants Program earlier this morning at the Incline Theater in Price Hill with a gift acceptance. Since launching the program in 2011, Duke Energy has awarded more than $3.2 million to more than 100 individuals in Greater Cincinnati. The grants typically provide funding for pre-development costs and serve as incentives for continued economic development in the city.
“Our city corridors and main streets are vital to the life of our local communities where our customers and employees live, work and play,” said Amy Spiller, president of Duke Energy Ohio and Kentucky. “Through our urban revitalization grants, we’re enabling long-term solutions and supporting the overall vitality of our neighborhoods.”
“We are grateful for Duke Energy’s support on our latest project,” said Seth Walsh, CEO of the College Hill Urban Improvement Corporation. This historic crown jewel is in the heart of College Hill’s business district. The grant will fund a critical renovation of the architecture and engineering that will no doubt eliminate defects, create jobs and help sustain business.
2022 Urban Revitalization Grant Recipients
Kentucky
Catalytic Development Funding Group
25,000 dollars
Acme Building: The funds will be used to develop an 8,000-square-foot building with significant frontage on Madison Street in Covington and encourage further development in this strategic location.
30,000 dollars
The Sims Building: This project will transform the historic, currently vacant Sims Building in Covington into a modern office building for growth-stage technology and e-commerce companies.
Ohio
Mixed Development / Small Business Assistance
40,000 dollars
Provide technical assistance to small businesses located in Mount Washington, Camp Washington, Kennedy Heights and Evanston.
College Hill Community Urban Redevelopment Corporation/Hollywood Theatre
50,000 dollars
This grant provides architecture and engineering for the historic Hollywood Theater in the heart of the business district.
Evanston Community Council/Montgomery Road Redevelopment
20,000 dollars
Funds will be used to redevelop several vacant storefronts and obtain historic building designation.
Norwood Together/Ventura Commons Area Project
25,000 dollars
Funds will be used for pre-development costs to continue development of the Ventura Commons area project, which consists of two buildings along Norwood’s main commercial corridor.
Price Hill Wheel/Warsaw Street Innovation Campus
35,000 dollars
The grant will be used to fund architectural services for the Creative Campus – connecting the Incline District to the historic Warsaw neighborhood.
Robert O’Neill Center for the Multicultural Arts
25,000 dollars
The money will be used for architectural designs and additional pre-development costs to carry out the next steps to create access to the arts in the West End.
Watch this video for an in-depth look at the impact of the Duke Energy Foundation’s urban revitalization grants in Greater Cincinnati.
Duke Energy Foundation
The Duke Energy Foundation provides philanthropic support to meet the needs of the communities where Duke Energy customers live and work. The foundation contributes more than $30 million in charitable gifts each year, funded by Duke Energy shareholder dollars. More information about the foundation and its Energetic Communities program is available at duke-energy.com/foundation.
Duke Energy Ohio / Kentucky
Duke Energy Ohio/Kentucky, a subsidiary of Duke Energy, provides electric service to 880,000 residential, commercial and industrial customers in a 3,000 square mile service area, and natural gas service to 550,000 customers in a 2,650 square mile service area. in Ohio and Kentucky.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, NC, is one of America’s largest energy storage companies. The electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and have a total of 50,000 megawatts of power capacity. The natural gas segment serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.
Duke Energy is making an aggressive clean energy transition to achieve its goals of net zero methane emissions from its natural gas business and at least 50% carbon reduction from electricity generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals include Scope 2 and some Scope 3 emissions. The company is also investing in major electric grid upgrades and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune’s 2022 “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 Spotlight features stories about people, innovation, community topics and environmental issues. Follow Duke’s energy on TwitterLinkedIn, Instagram and Facebook.
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