Duke Energy invests $600,000 in North Carolina's community colleges to build next generation workforce

Core Insights - Duke Energy Foundation announced a $500,000 investment to support 19 community college programs in North Carolina aimed at developing a skilled workforce for the energy industry [1][9] - An additional$100,000 grant will support the Forward Fund, which assists students in Southeastern North Carolina in securing high-wage employment opportunities [1][9] Group 1: Workforce Development Initiatives - The investment is part of Duke Energy's ongoing commitment to workforce development, totaling over $6.6 million in the last five years [2][9] - Community colleges in North Carolina are crucial in meeting the workforce needs as the state modernizes its energy infrastructure [2][3] - Durham Technical Community College received a$25,000 grant to enhance its Electric Line Technician Training program, highlighting the focus on in-demand positions [3][4] Group 2: Forward Fund and Financial Support - The Forward Fund provides zero-interest loans to cover essential life expenses, allowing students to focus on their education [5][6] - The fund targets students enrolled in short-term training programs that align with regional employer demand for high-wage jobs [5][6] - Repayments from the loans will be cycled back into the fund to support future learners, creating a sustainable financing model [6] Group 3: Duke Energy Foundation Overview - Duke Energy Foundation contributes over $30 million annually to philanthropic efforts in communities where Duke Energy operates [7] - The foundation is funded by Duke Energy shareholders, emphasizing the company's commitment to community support [7] Group 4: Company Profile - Duke Energy is a Fortune 150 company headquartered in Charlotte, N.C., serving 8.4 million electric customers across multiple states [8] - The company is focused on a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [10]