Duke Energy Foundation Distributes $200,000 In Relief Grants

These development groups and other entities such as municipalities will receive $5,000 grants to be distributed to businesses in need.

File Photo

(Plainfield, Ind.) – The Duke Energy Foundation has distributed $200,000 in grants to assist Indiana economic development organizations that offer crisis to relieve small businesses in Indiana.

“These are challenging times, and the COVID-19 crisis has been particularly difficult for small companies,” said Duke Energy Indiana President Stan Pinegar. “These grants will support those businesses that are the backbone of the Hoosier communities we serve statewide.”

These development groups and other entities such as municipalities will receive $5,000 grants to be distributed to businesses in need.

“This grant will allow us to provide temporary rent reductions to a handful of companies in our high-tech business incubators,” said Paul Moses, director of business development for the Purdue Research Foundation. “We’re hoping it will help them power through the crisis, enabling them to keep moving their innovative products and services to market.”

Locally, the City of Madison Economic Development, and Jennings County Industrial Development Commission were awarded grants.

The crisis relief grants follow the $100 thousand awarded early in the pandemic to help food banks and other community action groups that address hunger and other urgent needs.

The Duke Energy Foundation also announced $382,200 in grants to support Indiana K-12 programs focused on summer reading programs, STEM, and experiential learning. Funds will give the school and other groups receiving the grants flexibility to reallocate grant funds during the pandemic.

Find a full list of the Crisis Relief Grants recipients here.