AdvanceSC Gives $14.5 Million to Upstate Organizations This Year
November 12, 2008
Board announces total Upstate investment at more than $45 million
Greenville, S.C. (November 12, 2008) – AdvanceSC announced this morning that the organization has awarded more than $14.5 million in total grants to Upstate organizations in 2008 alone. The announcement was made this morning at BMW Manufacturing where more than 158 recipients were recognized for their work in helping to advance and assist Upstate communities. Since its inception in 2004, AdvanceSC has invested a total of more than $45 million in state projects.
AdvanceSC, which is funded with profits from Duke Energy's Bulk Power Marketing program (BPM) and managed by an independent board of directors, issues grants to organizations that fall under one of four categories: economic development, education, manufacturing and/or public assistance.
The amount of funds granted to each category this year includes:
- Education – $2.7 million to high school, technical and community colleges, and universities.
- Economic Development – $4.1 million to economic development programs via existing partnerships, chambers of commerce and economic development organizations to attract new or expanding industries.
- Manufacturing – $6.7 million to existing industrial customers to increase productivity, reliability, cost control, efficiency or to positively impact the environment.
- Public Assistance – $900,000 for public assistance through direct grants to Duke Energy's Share the Warmth, Cooling Assistance and Fan Heat Relief programs.
“Though the board’s decisions determine who receives awards from AdvanceSC, our organization could not make a difference without the vision and dedication of these grant recipients who benefit so many people in our communities,” said Carol Burdette, president of AdvanceSC. “In 2009, the board will continue to increase involvement with our award winners and help to share their success stories across the state.”
AdvanceSC supports economic development, education, manufacturing and public assistance agencies in Duke Energy’s South Carolina service area. Established as a limited liability company by Duke Energy in 2004, AdvanceSC is funded with profits from the company's BPM program and is managed by a board of Upstate S.C. leaders. Grant applications and information about AdvanceSC are available on its website at www.advancesc.org.