Economic Development: Attracting Jobs, Investment

Duke Energy’s economic development team in 2016 helped bring approximately 14,000 new jobs and $4.1 billion in private-sector investment to the six states served by the company’s electric utilities – benefiting workers, families and communities. Site Selection magazine named Duke Energy to its “Top Utilities in Economic Development” list for the 12th consecutive year.

The team recruits new companies from across the nation and around the world, convincing them to open offices, build manufacturing plants and locate other facilities in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The team also works with existing companies in those states, helping them expand at home rather than look elsewhere.

2016 highlights:

  • In Ohio and Kentucky, Duke Energy distributed $240,000 in grants to support urban redevelopment projects.
  • In Indiana, Duke Energy awarded grants ranging from $2,500 to $7,500 to 12 economic development groups to attract jobs and businesses.
  • In North Carolina, Duke Energy invested $1.4 million in job training initiatives to prepare workers for the jobs of tomorrow.
  • In South Carolina, Duke Energy helped create approximately 1,900 new jobs and attract $512 million in investment.
  • In Florida, Duke Energy helped generate 3,900 new jobs and $231 million in investment.

Economic Development