PLAINFIELD, Ind. – Duke Energy is awarding $20,000 to the Bloomington Economic Development Corporation (BEDC) for work required to obtain a “shovel-ready” designation for the former ABB industrial site, located at 300 North Curry Pike in Bloomington.
“Duke Energy is pleased to partner with the BEDC on this project,” said Pam Chapman, manager for Duke Energy Indiana’s south central area. “These investments help create the opportunity for jobs and economic growth.”
The work, which includes an environmental report, land surveys, maps and associated materials, is expected to be finished by April 2011, after which application will be made to the Indiana Economic Development Corporation for the shovel-ready designation. That designation makes it easier for prospective businesses, particularly manufacturers, to build on the property.
The Duke Energy Indiana Community Growth Partnership Grant Program is aimed at generating new jobs and capital investment in Indiana. Since 2008, 27 grant recipients – all local or regional economic development organizations – have received more than $328,000 toward economic development projects.
Duke Energy requires grant recipients to demonstrate that they have leveraged other resources or partners in addition to Duke Energy for their projects. The Community Growth Partnership Grant Program is part of Duke Energy’s economic development strategy to assist communities in becoming more competitive.
Duke Energy Indiana’s operations provide approximately 6,800 megawatts of electricity capacity to approximately 780,000 customers, making it the state’s largest electric supplier. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com. For information about Duke Energy in its Indiana communities, visit http://news.duke-energy.com/2010/11/17/duke-energy-indiana-helping-communities-thrive/.CONTACT: Pam Chapman