Duke Energy's Site Readiness Program Boosts Economic Growth in Ohio and Kentucky
- Duke Energy's Site Readiness Program has assessed 42 sites, creating over 5,400 jobs and generating $2 billion in investments.
- The program's latest expansion includes new sites in Ohio and Kentucky to attract further business investments.
- Duke Energy collaborates with local organizations to enhance site competitiveness and drive regional economic growth.
Duke Energy's Site Readiness Program Drives Economic Growth in Ohio and Kentucky
Duke Energy's Site Readiness Program plays a crucial role in stimulating economic development across Ohio and Kentucky. Launched in 2010, the initiative evaluates potential business and industrial sites, preparing them for future development. Over the years, the program has assessed 42 sites, resulting in a remarkable creation of more than 5,400 new jobs and generating $2 billion in capital investment. By strategically marketing these sites nationwide, Duke Energy attracts companies aiming to establish, expand, or relocate their operations, significantly enhancing the competitive landscape of the region.
In its latest expansion, Duke Energy has selected three new properties for its 2025 program: Frick Family Farms in Monroe and Union Ren Farms in Middletown, both in Ohio, along with the Commonwealth Commerce Center in Northern Kentucky. These sites are intended to attract further business investments, bolstering local economies. Notably, the program has already facilitated commitments from 20 companies, including industry giants like Coca-Cola and Carvana, to expand operations at sites previously included in the initiative. This success underscores the effectiveness of Duke Energy's collaborative approach, which involves partnering with local organizations such as the Site Selection Group and REDI Cincinnati to enhance site competitiveness.
Amy Spiller, president of Duke Energy Ohio and Kentucky, underscores the significance of initiatives like the Site Readiness Program in driving regional growth and prosperity. Her sentiments are echoed by Kimm Lauterbach, president and CEO of REDI Cincinnati, who highlights the program's vital role in improving community competitiveness. The recognition from Site Selection magazine for 21 consecutive years further solidifies Duke Energy's commitment to fostering economic development, showcasing its effectiveness in generating investment and job opportunities throughout the Cincinnati region and beyond.
In addition to its Site Readiness Program, Duke Energy remains focused on enhancing its energy infrastructure to support sustainable economic growth. The company invests in renewable energy sources and smart grid technologies, ensuring reliable power supply while meeting the evolving needs of businesses in the region. This commitment aligns with broader trends in the energy industry, where sustainability and reliability are increasingly prioritized.
Duke Energy's ongoing initiatives reflect a comprehensive strategy to not only support immediate economic development but also to lay the groundwork for long-term growth in Ohio and Kentucky. By preparing sites for investment and partnering with local stakeholders, the company positions itself as a key driver of regional prosperity in a competitive landscape.
