Exelons $10 Million Investment Milestone Fuels Urban Growth And Local Opportunity

By Author: otis
Total Articles: 386
Comment this article

Exelon, a company listed on Nasdaq, recently shared some exciting news. They have invested almost $10 million in nine local businesses in the areas they serve through the Community Impact Capital Fund (CICF). This initiative, which started in 2022 in collaboration with the Exelon Foundation, aims to support businesses in communities that may not have enough resources. The goal is to provide them with more opportunities to grow and succeed.

Colette Honorable, who is the Executive Vice President of Public Policy and Chief External Affairs Officer at Exelon, emphasized how important these investments are for the future of the regions Exelon serves. She also mentioned that the nine businesses that have received funding so far are doing innovative work. She is excited to partner with more businesses that can create jobs and contribute to their neighborhoods.

Let me tell you about some of the businesses that received funding:

1. Sweeten in Baltimore, Maryland, received $1 million. They are a technology company that is changing how the construction industry hires professionals for residential and commercial projects. ...
... Their platform connects skilled construction workers with projects, with a focus on supporting minority and woman-owned businesses.

2. Aging & Diverse Home Healthcare Services in Philadelphia, Pennsylvania, received $187,000. They provide in-home healthcare services for seniors and disabled individuals. Now, they are expanding their services to include skilled nursing care.

3. Gemini Energy Solutions in Washington, D.C., received $1 million. They are a company that uses technology to conduct energy audits and develop clean energy solutions for underserved communities.

These are just a few examples of the businesses that have benefited from Exelon's investments. It's great to see companies like Exelon supporting local businesses and helping them thrive.

Read More - https://www.techdogs.com/tech-news/business-wire/exelons-10-million-investment-milestone-fuels-urban-growth-and-local-opportunity