Economic Development: New Jobs, Community Investment

SHARE THIS STORY

Duke Energy’s economic development team in 2019 helped bring 15,400 new jobs and $7.1 billion in new capital investment – through 102 projects – to numerous communities in 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 15th consecutive year in 2019.

Duke Energy’s economic development specialists work to attract new industry to North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The 26-member team also encourages existing companies in those states to expand at home, rather than look elsewhere.

The team includes experts in multiple target markets, including aerospace, data centers, advanced manufacturing, automotive, life sciences and food/ beverage processing.

Duke Energy’s economic development team in 2019 helped bring 15,400 new jobs and $7.1 billion in new capital investment – through 102 projects – to numerous communities in the six states served by the company’s electric utilities.

In 2019, the team evaluated 21 properties in Duke Energy’s service areas for potential business and industrial development through Duke Energy’s Site Readiness Program.

Through that program, Duke Energy partners with local economic development agencies to identify potential industrial sites, assess the sites’ strengths and weaknesses, facilitate site improvements, and market the sites to future industry.

Since its 2005 launch, the program has evaluated 280 sites – with 46 project wins that generated $8 billion in new capital investment and 10,420 new jobs.

In 2019, Duke Energy also provided more than $2 million to local economic development agencies and initiatives to fund job creation and business development projects.

“Economic development is vital to the states, communities and customers served by Duke Energy,” says Stu Heishman, Duke Energy’s vice president of economic development. “We’re glad we can play a key role in attracting business investment and new jobs.”


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 over 15,400 jobs and $7.1 billion of investment in 2019.

Economic development table