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Duke Energy Foundation Supports North Carolina Small Businesses

Jacksonville-Onslow Economic Development recently received a generous $25,000 donation from the Duke Energy Foundation, highlighting the foundation’s commitment to supporting local economies.

New Funding for North Carolina Small Businesses

In a recent announcement, the Duke Energy Foundation revealed plans to allocate $700,000 in new funding to assist North Carolina small businesses. This funding will be distributed in collaboration with community development organizations.

Expansion Opportunities for Small Businesses

Through the grant program, small businesses can access funds ranging from $1,000 to $5,000 to support their growth initiatives. These grants aim to assist retail shops, restaurants, and other small businesses in upgrading technology and enhancing downtown storefronts.

Impact of the Grant Program

The grant program, now in its fourth year, has already provided over $2 million in funding to small businesses, offering crucial support during the challenging times of the COVID-19 pandemic. This initiative has been instrumental in fueling a resurgence of entrepreneurial ventures across North Carolina.

Duke Energy’s Commitment to Economic Development

Kendal Bowman, President of Duke Energy North Carolina, emphasized the foundation’s dedication to supporting small businesses and strengthening economic development efforts. By empowering local entrepreneurs, Duke Energy aims to ensure the vitality of main streets and communities statewide.

Importance of Small Businesses in North Carolina

Small businesses are integral to North Carolina’s economic landscape, employing nearly half of the state’s workforce. Recognizing this significance, the U.S. Small Business Administration, as cited by Duke Energy, underscores the critical role these enterprises play in driving economic growth.

How AI legalese decoder Can Help

AI legalese decoder can assist small businesses in navigating the application process for grants and funding opportunities. By decoding complex legal language and providing simplified explanations, this tool can streamline the process for entrepreneurs seeking financial assistance. Additionally, AI legalese decoder can help small businesses stay informed about eligibility criteria and ensure they are well-equipped to leverage available resources for growth and expansion.

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