On September 19, 2022, the Duke Energy Foundation announced $250,000 in Urban Revitalization grants to eight projects in southwest Ohio and northern Kentucky.
This grant program spurs economic growth through renovation and restoration of urban properties that will, in turn, bring jobs and revitalization to the region.
“Our urban corridors and main streets are critical to the vitality of our local communities, where our customers and employees live, work and play,” said Amy Spiller, president of Duke Energy Ohio and Kentucky.
“Through our Urban Revitalization grants, we are enabling long-term solutions and supporting the overall vitality of our neighborhoods,” she added.
While Duke Energy continued to provide grants during the COVID crisis, grant ceremonies were paused as a safety precaution. As a result, the company celebrated a delayed 10th anniversary of the Urban Revitalization grant program this morning at the Incline Theater in Price Hill, a previous grant recipient.
Since launching the program in 2011, Duke Energy has awarded more than $3.2 million to over 100 grantees across Greater Cincinnati.
The grants typically provide funding for pre-development costs and serve as catalysts for further economic revitalization in the urban core.
“We are grateful for Duke Energy’s support on our latest project – the Hollywood Theatre,” said Seth Walsh, chief executive officer, College Hill Urban Redevelopment Corp.
“This historic crown jewel sits in the heart of College Hill’s business district. The grant will help fund the architectural and engineering for its critical renovation and no doubt will eliminate blight, create jobs and aid in business retention,” he continued.
2022 Urban Revitalization Grant recipients
Catalytic Development Funding Group:
- $25,000 Acme Building:
- The funds will be used to develop an 8,000-square-foot building with significant frontage on Madison Avenue in Covington and to spur additional development in this strategic location.
- $30,000 – Sims Building:
- This project will convert the historic, currently vacant Sims Building in Covington into a modern office building suitable for growth-stage technology and e-commerce companies.
- $40,000 – Alloy Development/Small Business Assistance
- Provide technical assistance to small businesses located in Mount Washington, Camp Washington, Kennedy Heights and Evanston.
- $50,000 – College Hill Community Urban Redevelopment Corp./Hollywood Theatre
- This grant will provide architectural and engineering for the historic Hollywood Theatre in the heart of the business district.
- $20,000 – Evanston Community Council/Montgomery Road Redevelopment
- Funds will be used for redeveloping multiple vacant storefronts and achieving historic building designation.
- $25,000 – Norwood Together/Ventura Commons Area Project
- Funds will be used for pre-development expenses to continue development in the Ventura Commons Area Project with two buildings along the main business corridor of Norwood.
- $35,000 – Price Hill Will/Warsaw Avenue Creative Campus
- The grant will be used to fund architectural services for the Creative Campus – connecting the Incline District to the historic Warsaw neighborhood.
- $25,000 – Robert O’Neal Multicultural Arts Center
- The funds will be used for architectural schematics and additional pre-development expenses to accomplish next steps towards establishing arts access in the West End.
The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $30 million annually in charitable gifts and is funded by Duke Energy shareholder dollars.
Photo (author unknown) shows the Hollywood Theatre in College Hill shortly after its opening in 1925.
This 2-minute video shows the impact of the Duke Energy Foundation Urban Revitalization grants in Greater Cincinnati.