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Duke Energy Builds Economic Development Product Base in the Triangle

Duke EnergyThe promise of the July 2012 Duke Energy / Progress Energy Merger has begun to play out in Research Triangle Region economic development.  Specifically, Duke Energy rolled out its Site Readiness Program and has selected several sites in the Region to participate.  Now in its 8th year, this program brings in renowned site consulting firm McCallum Sweeny to do a high level overview of the site’s strengths and weaknesses.  In parallel with that effort, a local land planning firm will perform a site “build-ability” study that will overview the science of the site, determine buildable acres and uncover development challenges.  And finally, the study concludes with a $10,000 matching grant to any county that decides to pursue some of the study’s recommendations.   Prior to the merger, Duke completed over 80 Site readiness reviews in its legacy territory.  Many of those sites now host major Economic Development projects.  The hope is that we can extend that winning streak into the new Duke Energy-Progress economies.

Success in Economic Development is determined in no small part by having lots of client traffic and ample product to sell them.  The Research Triangle Regional Partnership focuses on keeping client traffic consistently high, while Duke’s Site Readiness program, and other similar efforts, key on keeping product inventory where it needs to be.  Overall, it is a great partnership and one which will pay dividends going forward as we succeed in our endeavors to make the Research Triangle Region the most economically prosperous in the state.

Duke Energy's two Research Triangle Region sites include: 

  • Duke Energy selects 1700-acre mega-site west of Siler City in Chatham County, N.C., off Highway 421 South and south of Interstate 85.
  • Duke Energy selects 260-acre site in Bunnlevel in Harnett County, N.C., off Byrd's Mill Road.   

Author: John Geib, Director, North Carolina Economic Development, Duke Energy

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