Economic Development: Jobs and Major Investment

Duke Energy’s economic development team in 2018 helped bring nearly 14,000 new jobs and $5.3 billion in private-sector investment – through 94 projects – to the six states served by the company’s electric utilities.

Site Selection magazine named Duke Energy to its “Top Utilities in Economic Development” list for the 14th consecutive year.

Duke Energy’s economic development specialists work to attract new industry to North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The team also encourages existing companies in those states to expand at home, rather than look elsewhere.

In 2018, the team evaluated 26 properties for potential business and industrial development through Duke Energy’s Site Readiness Program. The program identifies potential business and industrial sites, then partners with local government agencies and economic development professionals to build strategies to bring key infrastructure – water, sewer, natural gas and electricity – to those properties.

The team also completed a study of potential industrial development sites along a proposed natural gas pipeline in eastern North Carolina, and deployed a new drone program to assist in site evaluations in all six states.

The Duke Energy Foundation also provided more than $1 million to local economic development agencies and initiatives to fund job creation and business development projects.

"Economic development is a team sport, and we are a key position player – working with many local and regional partners in different capacities to achieve success," says Stu Heishman, Duke Energy’s vice president of economic development. "We’re strongly committed to bringing capital investment and jobs to the communities we serve."

Three members of Duke Energy’s economic development team received national recognition in 2018 from site selection professional organizations: Consultant Connect named Margaret O'Riley and Erin Schneider to its “North America’s Top 50 Economic Developers” list; DCI named Danielle Ruiz to its “40 Under 40” list of 40 rising stars under age 40 in the economic development field.

Economic Development

Duke Energy works with state and local authorities to promote economic growth in our communities, helping attract business investment and jobs. Duke Energy helped attract nearly 14,000 jobs and $5.3 billion of investments in 2018.

Charts of economic growth