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Duke Energy awards grants to NKY ventures

HIGHLAND HEIGHTS, Ky. — Duke Energy announced the recipients of its 2020 Urban Revitalization grants, the grant provides assistance to programs across Southwest Ohio and Northern Kentucky.

2020 Urban Revitalization grantees. The following Northern Kentucky projects were awarded grants:

• Catalytic Development Funding Corp. of Northern Kentucky
$10,000 for 722 Scott St. in Covington.

The redevelopment of the former NorthKey Community Care building will create 11,600 square feet of high-quality and desirable office space. Future tenants will value the building’s location, which is one block west of Covington’s vibrant Madison Avenue commercial corridor and 1 mile south of downtown Cincinnati, as well as its 40-space, on-site parking lot. The Urban Revitalization grant will be put toward architectural and engineering drawings, as well as other predevelopment costs required to qualify for historic tax credits.

• Catalytic Development Funding Corp. of Northern Kentucky
$15,000 for 471 Elm St. in Ludlow.

Kate Standfest owns and operates North-South Baking Co. and sells her delicious baked goods at events, cafes, and coffee shops across the region. Soon she’ll be able to expand her operations and create jobs – all while giving new life to a vacant, 90-year-old structure in the heart of Ludlow. Standfest is working with the Catalytic Fund to transform the building at 471 Elm St. into a commercial baking kitchen that will serve North-South Baking’s existing wholesale customers as well as offer an on-site retail area.

• Center for Great Neighborhoods of Covington
$11,000 for COVID support of culinary businesses and commercial bakery retail space.

The Center for Great Neighborhoods of Covington will use its Urban Revitalization grant for two purposes. First, the funding will allow the organization to offer virtual support to local chefs, many of whom completed the Chef Fellowship program. The fellowship program was launched in 2016 to support local residents who are passionate about sharing their food creations but lack the money, language, connections, and more to make their dreams come to life.