PLAINFIELD, Ind., May 15, 2019 /PRNewswire/ -- Developing and
promoting the economic and social growth of a community, state or
region is rewarding, long-term work. That's why Duke Energy and its
predecessor companies in Indiana
have been front and center in helping grow the communities we
serve.
That vital work continues in 2019 as Duke Energy has selected
six locations in Indiana to
participate in the company's Site Readiness Program, which
identifies, evaluates and improves sites in the company's 69-county
Indiana service territory for
potential industrial development.
The locations include:
- The Kokomo Industrial Park, located at the intersection of
County 50 East and County Road 300 North (Howard County)
- A 186-acre parcel in the north portion of the South Madison
tax-increment financing, or TIF, district in Fortville (Hancock
County)
- A 100-plus acre parcel located at 29579 State Road 1 in
West Harrison (Dearborn County)
- The Northpoint Business Park (Hamilton County), which is bordered by East
196th Street to the south, Grassy Branch Road to the
east, 202nd/203rd Street to the north and
U.S. Hwy. 31 to the west
- The North Manchester Industrial Complex (Wabash County) at County Road 1100 North and
Taylor Drive in North
Manchester
- The North Warrick Industrial Park (Warrick County) at 9988 North State Road 57 in Elberfeld
"Those of us who perform economic development work as a career
know that our labor does not produce instant results," said
Erin Schneider, Indiana director of
economic development for Duke Energy. "It is an honor to join
forces with these hard-working economic development groups to help
bring lasting change and improvement to their communities."
Three site development companies and one engineering company
will evaluate the sites and make specific recommendations for
attracting large companies to build their facilities there.
Duke Energy will present its findings for each site – including
a detailed report and conceptual drawings – to local economic
development officials when the studies are completed later this
year. Economic development organizations in Hancock, Hamilton, Dearborn and Wabash counties will also receive a check for
$10,000 from Duke Energy to help
implement the recommendations.
After each site's state of readiness has advanced, Duke Energy's
business development team will strategically market those sites
nationwide to companies looking to expand or relocate their
operations.
Ideal properties for Duke Energy's Site Readiness Program are
typically 40 acres or larger, served by the utility, or a vacant
industrial building of at least 20,000 square feet identified to
support renewed industrial growth and sustainable development in a
community.
Duke Energy's overall economic development program has been
consistently named by Site Selection magazine as one of the
nation's "Top 10 Utility Economic Development Programs." Since
2008, the company has participated in the creation of nearly 20,000
jobs with a total capital investment of approximately $4.5 billion.
For more information about Duke Energy Indiana's economic
development programs, visit locationindiana.com.
About Duke Energy
Duke Energy Indiana, a subsidiary of Duke Energy, provides about
6,600 megawatts of owned electric capacity to approximately 840,000
customers in a 23,000-square-mile service area, making it
Indiana's largest electric
supplier.
Duke Energy (NYSE: DUK), a Fortune 125 company headquartered in
Charlotte, N.C., is one of the
largest energy holding companies in the U.S. It employs 30,000
people and has an electric generating capacity of 51,000 megawatts
through its regulated utilities, and 3,000 megawatts through its
nonregulated Duke Energy Renewables unit. Duke Energy is
transforming its customers' experience, modernizing the energy
grid, generating cleaner energy and expanding natural gas
infrastructure to create a smarter energy future for the people and
communities it serves. The Electric Utilities and Infrastructure
unit's regulated utilities serve approximately 7.7 million retail
electric customers in six states – North
Carolina, South Carolina,
Florida, Indiana, Ohio
and Kentucky. The Gas Utilities
and Infrastructure unit distributes natural gas to more than 1.6
million customers in five states – North
Carolina, South Carolina,
Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit
operates wind and solar generation facilities across the U.S., as
well as energy storage and microgrid projects.
Duke Energy was named to Fortune's 2019 "World's Most Admired
Companies" list, and Forbes' 2019 "America's Best Employers" list.
More information about the company is available at duke-energy.com.
The Duke Energy News Center contains news releases, fact
sheets, photos, videos and other materials. Duke Energy's
illumination features stories about people, innovations,
community topics and environmental issues. Follow Duke Energy on
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Facebook.
CONTACT: Lew Middleton
Office: 317.838.1505 | 24-Hour: 800.559.3853
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SOURCE Duke Energy