Bringing Jobs and Investment to Local Communities

SHARE THIS STORY

In 2020, Duke Energy’s economic development team helped bring nearly 18,000 new jobs and $9.1 billion in new capital investment, through 114 projects, to local communities in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky – states served by Duke Energy’s electric utilities.

Projects included a $450 million investment in Rockingham County, North Carolina, where an abandoned brewery will be transformed into a pet food manufacturing facility, and a similar project in Ohio.

Duke Energy’s economic development team specializes in multiple business sectors, including aerospace, data centers, advanced manufacturing, automotive, life sciences and food/beverage processing.

In addition, the team evaluated 21 properties for potential business and industrial development through Duke Energy’s Site Readiness Program. The company uses the program to partner 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 businesses.

Since 2005, the Site Readiness Program has evaluated 312 sites – with 66 “project wins,” generating $9.4 billion in new capital investment and more than 13,000 new jobs.

In 2020, Duke Energy also provided more than $2 million to local economic development agencies and initiatives to fund job creation and business development projects. In addition, Site Selection magazine named Duke Energy to its “Top Utilities in Economic Development” list for the 16th consecutive year.


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 approximately 18,000 jobs and $9.1 billion of investment in 2020.

Economic development table
 
Economic development table
Economic development table
Economic development table
Economic development table
Economic development table