CHARLOTTE, N.C.- The Duke Energy Foundation today announced $500,000 in grants to support nonprofit-led programs that help small businesses start, grow and thrive across North Carolina.
Zoom in: Nonprofit organizations can apply for $25,000 grants, which will then fund microgrants of up to $5,000 to individual small businesses. Funding can be used by local businesses like restaurants and retail stores to complete renovations, buy equipment or technology, purchase inventory or meet other business needs.
Flashback: Twenty North Carolina organizations were awarded funding for small business support in 2025, including Beaufort Business Association and Moore County Economic Development Partnership. Since 2020, Duke Energy Foundation has committed more than $2.9 million to support small businesses across North Carolina.
Why it matters: "Small businesses are the backbone of the economy, especially in North Carolina where they employ nearly half of the state's workforce," said Kendal Bowman, Duke Energy's North Carolina president. "Through strategic grantmaking, the Foundation helps to stimulate local economies, create jobs and foster economic growth in the communities where Duke Energy operates."
How to apply: Eligible nonprofits can find additional program details and apply via the Duke Energy Foundation's website. Applications are open now through June 30, 2026.
