Foundations for Duke Energy, Indiana Economic Development Association commit $150,000 to improve community access to affordable child care

PR Newswire11-18

PLAINFIELD, Ind., Nov. 18, 2024 /PRNewswire/ -- The Duke Energy Foundation and the Indiana Economic Development Association Foundation are committing $150,000 in grant funding to support organizations...

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To be considered, applicants must submit their grant proposal to the Indiana Economic Development Association by Jan. 31, 2025. Awards will be announced in March 2025. For a full description of the grant program, including requirements, eligibility and scoring criteria, visit ieda.org/foundation.\n\"Hoosier families, businesses and communities all feel the burden of insufficient child care options,\" said Matt Kavgian, executive director of the Indiana Economic Development Association. \"Making sure that working parents have access to affordable, quality child care will have long-term benefits for Indiana's prosperity and economic competitiveness.\"\nThe Indiana Chamber of Commerce recently released a report examining the impact of child care challenges on Indiana's economy. The study found that Indiana loses out on an estimated $4.22 billion annually for the state's economy, including a $1.17 billion annual loss in tax revenue, due to shortfalls in child care. According to the report, only 61% of children needing care statewide can be served through existing capacity.\nDuke Energy Foundation \nThe Duke Energy (NYSE: DUK) Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders. \nIndiana Economic Development Association Foundation\nSupporting the economic development profession, the Indiana Economic Development Association Foundation provides scholarships and other support to tomorrow's economic development leaders.\nDuke Energy: McKenzie BarbknechtPhone: 800.559.3853Email: mckenzie.barbknecht@duke-energy.com \nIEDA: Matt KavgianEmail: matt@ieda.org \n View original content to download multimedia:https://www.prnewswire.com/news-releases/foundations-for-duke-energy-indiana-economic-development-association-commit-150-000-to-improve-community-access-to-affordable-child-care-302308646.html\nSOURCE Duke Energy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484567248"}