Local community organizations play a vital role in the economic well-being of our region. Local chambers, economic development groups, community improvement corporations and others all work together to create an environment conducive to business and a high quality of life. To support the important mission of these organizations, DP&L created the Regional Economic Development (RED) Grants.
RED Grants are awarded to local and regional organizations in support of economic development. Grants are awarded for a variety of programs and activities that enhance the marketability of a particular industrial site, promote the retention and expansion of existing businesses, or foster job growth throughout the region. Specific examples include:
- Site readiness investments
- Environmental site assessments
- Retention and expansion surveys
- Workforce development
- Community and regional marketing
How does DP&L evaluate RED Grant applications?
In evaluating applications, DP&L will consider the initiative’s overall economic impact on the region, including:
- What is the short-term and long-term economic impact?
- How will the initiative retain and create jobs? How many jobs will be impacted?
- Does the program or organization have a positive long-term impact that makes the economy stronger?
- Does the organization, program or activity encourage a partnership approach for success? Are DP&L employees involved with the organization or the initiative?
Grant recipients must be one of the following:
- A 501(c)3 designated organization
- An economic development group
- A local government entity
Examples of qualifying organizations include regional economic development councils, chambers of commerce, and community improvement corporations.
Further, the organization, and the initiative being funded must benefit a geographic area served by Dayton Power & Light.
Within 12 months of receiving a grant, the recipient must submit to DP&L a report outlining how the funds were used, the results of the program or initiative, the economic impact, the number of jobs retained or created, and any other economic benefits to the region.
Grants will be awarded on a one-year basis. Requests for multi-year grants will be reviewed and renewed annually.
How to apply
Please fill out the online application, and submit the following materials, if applicable:
- List of board of directors
- Program’s budget (or the organization’s current year budget)
- IRS letter of determination (if a 501(c)3 status is claimed)
- W-9 form
- Most recently audited financial statements or most recently filed Form 990