Tom DiBello
Hellmann Creative Center

Duke Energy Spurs Economic Development in Greater Cincinnati

Oct. 10, 2017
A more direct type of customer engagement seen through review of Duke Energy Foundation’s urban revitalization grants

Duke Energy Foundation launched its urban revitalization grants program in 2011 to help communities trying to recover from the recession, according to Duke Energy Foundation manager Casey Ruschman. “We recognized the struggling economy, and thought it was a good time to increase our investments in urban neighborhoods.”

Since then, the foundation has given nearly $1.6 million in urban revitalization grants to 48 projects in Greater Cincinnati. The impact often continues long after completion, Ruschman said, as one project becomes a catalyst for more redevelopment.

In 2015, the foundation gave $35,000 to the nonprofit Center for Great Neighborhoods, which has worked for 40 years to improve Covington’s Westside neighborhood, building affordable housing and developing a reinvestment strategy for depressed areas. The center used the money to investigate whether to renovate the Hellmann building.

Bringing the structure back to life was important, said Tom DiBello, the center’s executive director, because it occupies a visually prominent location on a major corridor, 12th Street/Martin Luther King Jr. Boulevard. When the state widened the corridor recently, it moved two buildings. Suddenly, the deteriorating Hellmann became more noticeable than ever, DiBello said. “We looked at this building and said, ‘We should acquire this.’” The center bought it at public auction for $36,500.

2016 Urban Revitalization Grants

The Duke Energy Foundation recently awarded nearly $240,000 to kick-start 10 urban redevelopment projects in Ohio and Kentucky. Since it debuted in 2011, the foundation has given out nearly $1.6 million to 48 initiatives in the Greater Cincinnati area.

Ten recent grants are shown below:

  • $45,000 to the Westwood Community Urban Redevelopment Corp. for the West Side Brewery in Cincinnati’s Westwood neighborhood. The brewery, in the heart of the business district, will create jobs, attract visitors, and spur additional revitalization.
  • $20,000 to Downtown Middletown Inc. to help transform what was once a J.C. Penney in Middletown, Ohio, into Torchlight Pass, a destination for dining, retail and family entertainment.
  • $20,000 to Hamilton County Business Center to provide one-on-one mentoring and coaching to small businesses and to help attract, retain and expand small businesses in Silverton, a suburb of Cincinnati.
  • $14,000 to College Hill Community Urban Redevelopment Corp. to help renovate the National City Bank Building for potential use as a restaurant or high-end retail store. The building is in the business district of Cincinnati’s College Hill neighborhood.
  • $5,500 to the Madisonville Community Urban Redevelopment Corp. to help renovate the historic Metz building in Cincinnati’s Madisonville neighborhood. When complete, the building will house the neighborhood’s police substation and its nonprofit development corporation.
  • $40,000 to the Catalytic Fund to help redevelop Marianne Theatre in Bellevue, Ky. The vacant property will house 7,500 square feet of commercial space, a special events theater and restaurant focusing on craft beer and wine.
  • $30,000 to the Center for Great Neighborhoods in Covington, Ky., to help redevelop three blighted buildings on West 12th Street as “Homes for Makers,” space for small business owners who want to live and work at the properties.
  • $25,000 to the Catalytic Fund to begin rehabilitating the vacant Holzhauser Drug Store building, on a prominent intersection in Newport, Ky., enabling it to house retail or business offices.
  • $20,000 to the Catalytic Fund to rehabilitate the corner-lot building located at 801 Madison Ave. in Covington, Ky., with a goal of attracting groups looking to move into the high-traffic space.
  • $20,000 to the Catalytic Fund to allow the Second Sight Spirits, an artisan distillery in Ludlow, Ky., to begin expanding into adjacent space. With the expansion, the company will add bourbon to its offerings and serve as a community gathering space.

Additional examples of grants within Duke’s service territory along with the above grants is available at this link.

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