Duke Energy Hometown Revialization Grant
Heart of Brevard Awarded $25,000 Hometown Revitalization Grant from Duke Energy Foundation
The Duke Energy Foundation distributed $500,000 in grants to help small businesses across North Carolina – from restaurants to retailers – to continue their ongoing recovery from economic challenges initially triggered by the pandemic. This is the second year Duke Energy has provided targeted grants in support of downtowns throughout the state.
The $25,000 grants were awarded to 20 nonprofits, each representing one community. That organization will establish a small-business support microgrant program and deploy the funding within their local community by January 2023. The microgrants may range from $500 to $2,500 per individual business.
“Local storefronts and businesses are the heartbeat of towns across our service territory,” said Stephen De May, Duke Energy’s North Carolina president. “Last year’s inaugural Hometown Revitalization grants showed us the difference that strategic grants can make for towns throughout North Carolina. We’re honored to partner with local nonprofits and businesses to help build more vibrant communities.”
“We are excited to partner with Duke Energy to expand our current grant program, and to work with our downtown merchants and property owners to distribute grant funds that have a positive impact on our downtown community. These funds provide a transformative opportunity to facilitate and nurture business support as part of our broader economic vitality strategy.” – Nicole Bentley, executive director, Heart of Brevard
- Businesses must be located in the Heart of Brevard district.
- Small business support awards will focus on businesses with <50 employees.
- Businesses must have been in operation for at least 13 months.
- Small businesses should have a storefront presence in the downtown area.
- Nonprofits that operate a storefront small business, like a resale store or café, may be included as small business support applicants.
- Payroll, incentive pay, rent and utilities are ineligible expenses.
- Applicants must be willing to provide key pieces of information to help track the impact of funds.
- Applicants will be required to submit applications, supporting documents and participate in an interview process.