The Dayton Power and Light Company Presents a $450,000 Grant to the Downtown Dayton Investment Fund
September 14 2018 - 8:30AM
Business Wire
Stimulating economic development in the
Downtown Dayton
Today, The Dayton Power and Light Company (DP&L), a
subsidiary of The AES Corporation (NYSE: AES), is awarding a
$450,000 grant to the Downtown Dayton Investment Fund (DDIF)
supporting new or continued innovative economic growth initiatives
to the commercial property inventory downtown that will make a
long-lasting and transformative impact on the city center.
Building on the success of the Greater Downtown Dayton Plan and
the investments currently underway, the mission of the DDIF fund is
to improve commercial office assets to meet the needs of
prospective businesses and entrepreneurs, and grow jobs in downtown
by stimulating the urban office market. The DDIF will invest in new
and expanded projects to uncover the potential in downtown Dayton.
DP&L’s grant funds, within the DDIF, will assist business
owners with energy programs and infrastructure.
“Thank you, to the Dayton Business Committee for identifying the
need and creating the DDIF to fuel Dayton’s future growth. Business
leaders are investing in the downtown core, companies are
relocating their offices to the city center, small entrepreneurs
are leading innovation and cultivating their new products and
services in collaboration spaces downtown, we can see the economic
drivers are working toward building a technology epicenter,” said
Craig Jackson, DP&L President and CEO.
“All the investors who have contributed to the Downtown Dayton
Investment Fund see the importance of supporting urban projects
that advance our City and Region as a whole, said Brian Heitkamp,
President of CityWide. The DDIF offers financing that aligns well
with other economic development tools and will benefit both
businesses and developers. We look forward to seeing the impact
this fund has on redevelopment and job growth in our downtown.”
DP&L, along with CareSource, The Dayton Foundation in
partnership with Vectren Foundation, First Financial Bank,
Miller‐Valentine Group, Premier Health, and the University of
Dayton, have invested in the Downtown Dayton Investment Fund making
significant progress in meeting the $10M fund goal. CityWide will
contribute capital from a Community Development Financial
Institution (CDFI) grant and additional investors continue to be
recruited to grow the DDIF.
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 significant subsidiaries include The Dayton Power and Light
Company, AES Ohio Generation, LLC (AES Ohio Gen), Miami Valley
Insurance Company (MVIC), and Miami Valley Lighting, LLC (MVLt).
The Dayton Power and Light Company, a regulated electric utility,
provides service to over 520,000 customers in West Central Ohio;
MVIC, a captive insurance company, provides insurance services to
DPL and its subsidiaries, and MVLt maintains outdoor lighting to
governments and businesses. AES Ohio Gen co-owns merchant
generation facilities. For more information about the company,
please visit www.dplinc.com. Connect with DP&L at
www.twitter.com/dpltoday,
www.linkedin.com/company/dayton-power-and-light, and at
www.facebook.com/DPLToday.
The AES Corporation (NYSE: AES) is a Fortune 500 global power
company. We provide affordable, sustainable energy to 15
countries through our diverse portfolio of distribution businesses
as well as thermal and renewable generation facilities. Our
workforce is committed to operational excellence and meeting the
world’s changing power needs. Our 2017 revenues were $11
billion and we own and manage $33 billion in total assets. To
learn more, please visit www.aes.com. Follow AES on Twitter
@TheAESCorp.
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The Dayton Power and Light CompanyNews
Media:Mary Ann Kabel, 937-224-5940
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