Dayton Power and Light Creates Economic Development Fund to Stimulate Regional Growth and Market West Central Ohio
Dayton Power and Light Company (DP&L), a subsidiary of The AES Corporation (NYSE:AES) , is announcing the creation of an Economic Development Fund. As a part of its Electric Service Plan (ESP), a total of $6 million will be available to support initiatives in the Dayton region over three years. Along with the collective interests of the regional and state economic development organizations and communities, the fund will stimulate growth and support expanding businesses in the Miami Valley.
DP&L President and CEO Derek A. Porter said, “DP&L already partners with organizations in the region; the Economic Development Fund brings that cooperation to a new level. That’s why DP&L believes the fund will be a tremendous asset to motivate and accelerate more development in the Miami Valley.”
Using its new Economic Development Fund, DP&L and its partners will invest in specific programs that market West Central Ohio to attract new investment to the region, retain existing businesses by enabling them to remain competitive in the region, and create jobs and a job-ready workforce.
Among the programs offered by the Economic Development Fund:
- Regional Economic Development Grant – provide funding for economic development organizations to support the important missions of these organizations to attract new businesses to the area, promote retention and expansion of existing businesses, workforce development and job growth throughout the region;
- Infrastructure Improvements – provide funding to assist new and existing customers with the costs of installing infrastructure to accommodate growth;
- Site Certification – provide funding and expertise to identify, improve and increase awareness of potential development sites within the DP&L service territory;
- Small Business Deposit Loan Fund – provide seed funding for regional development organizations to operate a revolving loan fund for start-up expenses to establish electric service.
For more information about Dayton Power and Light and its investments in the community or energy-saving programs available to businesses, please visit www.dpandl.com.
About The Dayton Power and Light Company and AES.
The Dayton Power and Light Company is the principal subsidiary of DPL Inc. (DPL) a regional energy provider and an AES Company. DPL’s other significant subsidiaries include DPL Energy, LLC (DPLE), Miami Valley Insurance Company (MVIC), and DPL Energy Resources, Inc. (DPLER), which also does business as DP&L Energy. The Dayton Power and Light Company, a regulated electric utility, provides service to over 515,000 retail customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; MVIC, a captive insurance company, provides insurance services to DPL and its subsidiaries, and DPLER is a competitive retail electric supplier. DPL, through its subsidiaries, owns and operates approximately 3,500 megawatts of generation capacity, of which approximately 2,500 megawatts are coal-fired units and 1,000 megawatts are solar, natural gas and diesel peaking units. For more information about the company, please visit www.dplinc.com. Follow DP&L on Twitter @DPLToday.
The AES Corporation (NYSE:AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 20 countries through a diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 17,800 people is committed to operational excellence and meeting the world’s changing power needs. AES’ 2013 revenues were $16 billion and we own and manage $40 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.
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