Economic Development: Over 12,000 Jobs, $5.9B in Investment

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Duke Energy’s economic development team – through 100 successful projects in 2017 – helped bring over 12,000 new jobs and $5.9 billion in private-sector investment 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 13th consecutive year, citing the company’s numerous successful collaborations with state and local economic development agencies and business organizations.

The magazine also recognized Duke Energy’s efforts to build smarter energy infrastructure that bolsters recruitment of new businesses and reinforces retention of existing ones.

Duke Energy’s economic development specialists work year-round to help new companies worldwide open offices, manufacturing plants and other facilities in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.

The team also works hard to encourage existing companies in those states to expand at home, rather than look elsewhere.

In addition, the team in 2017 helped prepare 25 large-scale properties across four states for potential business and industrial development through Duke Energy’s Site Readiness Program.

Under the program, Duke Energy helps identify high-quality business and industrial sites, then partners with local government agencies and economic development professionals to build strategies to bring essential utilities – water, sewer, natural gas and electricity – to the properties.

“The program helps communities – especially in rural areas – attract jobs and build thriving economies,” says John Geib, Duke Energy’s North Carolina Economic Development Director.

Separately, Duke Energy in 2017 provided more than $1 million in financial support to local economic development agencies and initiatives to fund a variety of job creation and business development projects.

Additionally, the company continued its long-term financial investments in workforce development programs at community colleges, where classes and apprenticeships equip students with skills and training for tomorrow’s jobs.


Economic Development Table