Cinergy Awards $100,000 “Community Success Grants” In Ohio And Kentucky

CINCINNATI, June 9, 2005 — The Cinergy Foundation recently awarded ten local Ohio and Kentucky communities a total of $100,000 under the “Cinergy Community Success Grants” program. The program funds will be used to help stimulate and support economic development in the Greater Cincinnati area.

“In this first year, we received twenty-seven applications for a combined request of over $350,000 in program dollars,” said David O. Smith, manager of economic development in Ohio and Kentucky. “After thorough review, we selected those projects that best represented the goal of creating or retaining non-retail jobs and encouraging new investment in the area.”

Projects selected in 2005:

• City of Newport- $15,000 grant for land acquisition or new facility for retention and expansion of existing industry.
• City of Reading- $15,000 grant for reuse of brownfield site for the expansion of an existing industry.
• Clermont County- $15,000 grant for road improvements for retention and expansion of an existing industry.
• Village of Woodlawn- $15,000 for road improvements for retention and expansion of an existing industry.
• Butler County Port Authority- $10,000 grant to improve efficiency of rail system services for existing industries and to assist in recruiting new rail-served industries.
• City of Fairfield- $10,000 grant for road improvements for retention and expansion of an existing industry.
• City of Forest Park- $5,000 for a feasibility study for the redevelopment of a vacant, blighted building.
• City of Monroe- $5,000 grant for engineering and economic development feasibility study/plan for a Joint Economic Development Zone Agreement between Monroe, Middletown, and Lemon Township.
• Hamilton County Business Center- $5,000 grant for a collaborative pre- incubation assistance program that enables new technology company formation.
• Northern Kentucky Area Planning Commission- $5,000 grant to develop master plan for existing 1,700 acre area.

The Cinergy Foundation is the philanthropic arm of Cinergy Corp. Through the Cinergy Foundation, each year Cinergy Corp. reinvests a portion of the pretax profits from its regulated operating companies in the communities it serves. Cinergy Corp. is the parent company of The Cincinnati Gas & Electric Co. and Union Light Heat & Power, serving over 700,000 electric customers and more than 500,000 gas customers in southwest Ohio and Northern Kentucky.