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Duke Energy Site Readiness Program a win for economic development, jobs in North Carolina

Published August 27, 2020

This year the company partnered with communities to identify six high-quality industrial sites across the state

Since 2005, participating properties won 23 major projects resulting in more than 5,650 new jobs and nearly $6.4 billion in capital investment

CHARLOTTE, N.C. – Duke Energy has selected six properties in North Carolina for participation in its 2020 Site Readiness Program to enhance the readiness of the sites for business and industrial development.

The Site Readiness Program has helped prepare properties that have won 23 major projects in North Carolina since the program started in 2005, resulting in more than 5,650 new jobs and nearly $6.4 billion in capital investment.

Through the program, Duke Energy identifies high-potential sites and partners with county officials and local economic development professionals to develop a strategy for getting the site fully ready to market to industrial projects.

“Our Site Readiness Program has been highly successful and a valuable tool for our partners and communities across the Carolinas,” said Stu Heishman, Duke Energy’s vice president of economic development and business recruitment. “Our team works with local and regional partners to develop a strategy to advance the readiness of selected sites and recruit national companies to the Carolinas. We have strong relationships with our state and local partners, and leverage the expertise of nationally recognized consultants to maximize the impact of the program.”

The locations include:

“The Duke Energy Site Readiness Program has been a great asset to Edgecombe County’s economic development efforts. The program assembled expertise from the site selection, civil engineering, utility, economic development and landowner groups all for the purpose of advancing a common economic growth vision. We are extremely thankful for the support of Duke Energy and their commitment to proactive community engagement.” – Oppie Jordan, Director, Vice President, Edgecombe County Carolinas Gateway Partnership

“The acceptance of our N.C. Highway 97 site into the Duke Energy Site Readiness Program helps distinguish Nash County sites as shovel ready thanks to the program’s ensuring due diligence and quality. Nash County now has two Duke Energy site readiness properties for companies who are looking for their next premier business location.” – Andy Hagy, Director, Nash County Department of Economic Development

Duke Energy worked with major site selection firms to evaluate the sites, including Global Location Strategies (GLS), Strategic Development Group and Site Selection Group. Based on consultant recommendations, Duke Energy will collaborate with county leaders and local economic development professionals to develop an improved strategy for marketing these sites. Additionally, each site is eligible to apply for a $10,000 matching grant from Duke Energy to help prepare it to attract projects.

After each site’s state of readiness has advanced, Duke Energy’s business recruitment team strategically markets each of them nationwide to companies looking to expand or relocate their operations.

Duke Energy’s economic development efforts are perennially recognized by Site Selection magazine in the publication’s annual list of “Top Utilities in Economic Development.” Through these efforts, Duke Energy helped recruit $3.3 billion in capital investment in North Carolina and more than 4,200 jobs for the state in 2019.

For more information about Duke Energy’s economic development programs, visit http://locationdukeenergy.com.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 29,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities and 2,300 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 7.8 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 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 2020 “World’s Most Admired Companies” list and Forbes’ “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 Twitter, LinkedIn, Instagram and Facebook.

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