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July 6, 2004 > Pacific Gas and Electric Company to Fund $200,000 in Grants to Local Economic Development Programs

Pacific Gas and Electric Company to Fund $200,000 in Grants to Local Economic Development Programs

Continuing its commitment to support the vitality of the communities it serves, Pacific Gas and Electric Company announced that it would again provide grants to local economic development projects throughout northern and central California.

Governments and 501(c)(3) nonprofit organizations throughout PG&E's service area are eligible to apply for grants ranging from $500 to $10,000. Other interested organizations can partner with qualifying organizations and apply as a team, although the application must be received from the qualifying partner.

"We recognize that communities in northern and central California are continuing to face a wide array of challenges, including reduced private sector funding, combined with the State's very difficult fiscal situation," said Beverly Alexander, vice president of customer satisfaction for Pacific Gas and Electric Company. "Now in its third year, PG&E's Economic Development Grant Program is designed to fill unanticipated gaps in local economic development budgets in our service area."

To qualify, economic development projects and programs must promote private sector investment, and lead directly to sustained economic and job growth and increased community wealth.

Three primary approaches to increase local economic development include:

Business Retention: retain existing industrial and large commercial business that might otherwise leave the state;

Business Attraction: attract new industrial and large commercial business that might other choose a non-California location; and

Business Start-ups: encourage growth of new industrial and commercial business.

"The goal of our economic development grant is to directly create or retain jobs and, thus, enhance the economic activity in the local community," says Alexander.

Last year, nearly $185,000 was granted to 40 community-based organizations. The types of projects that grants helped to fund included business retention, business recruitment, infrastructure planning, community development, downtown improvement, and economic development training, conferences, studies and reports.

"PG&E has expanded this year's funding in recognition of the tremendous need that was evident last year," said Alexander.

Visit http://www.pge.com/edgrant for more information, grant guidelines and to download an application. Completed applications must be postmarked or hand-delivered no later than August 6, 2004. Grantees will be announced after Labor Day.

Pacific Gas and Electric Company has a long history of making charitable grants tailored to the needs of the wide variety of communities it serves. The company's charitable program provides cash grants, in-kind contributions, and volunteers for community-based nonprofit organizations, and for schools and other governmental programs throughout northern and central California. All charitable contributions are entirely funded by the company's shareholders.

 
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