Progress Energy Gives $15,000 for Scholarships at CFCC
On Thursday, February 12th, a crowd gathered at Cape Fear Community College’s North Campus to watch as Bob McCall, Progress Energy’s Eastern Region Vice President, presented a check for $15,000 to the college on behalf of the company. The grant for the 2009-2010 school year will provide scholarships for many students enrolled in three CFCC programs: Electronics Engineering Technology, Electrical/Electronics Technology, and Industrial Systems Technology.
Ethan Child, a first-year student in the Electrical/Electronics Technology program, was awarded a Progress Energy scholarship for the 2008-2009 school year. “The scholarship took a lot of financial pressure off me,” Child explained. He added that because of the scholarship he ”was able to focus more on course work rather than working.”
“Progress Energy is a strong supporter of education and we are extremely proud of our partnership with CFCC,” said McCall. “Our support of education is an investment in the future and reflects our commitment to workforce development.”
The Progress Energy Foundation contributes to numerous non-profit organizations and has formed partnerships with several colleges in North and South Carolina as well as Florida. McCall explains that community colleges, such as CFCC, train many individuals who go on to work for Progress Energy. The bond between Progress Energy and Cape Fear Community College is a “win-win situation,” says McCall. CFCC provides not only employees for the company, but also overall support within New Hanover County.
Studies show that for each dollar spent on educating CFCC students, more than $2.36 is returned to the local community. Additionally, CFCC helps boost the economy of New Hanover and Pender counties by generating an additional $435 million business sales and $192 million in labor income. For more information about the College, Foundation, endowments, or scholarship opportunities, please contact the Cape Fear Community College Foundation at (910) 362-7331.
Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a fortune 250 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. The company observed its 100th anniversary in 2008. Progress Energy includes two major utilities that serve 3.1 million customers in the Carolinas and Florida. The company has earned the Edison Electric Institute’s Edison Award, the industry’s highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder’s Award for customer service. Progress Energy is pursuing a balanced strategy for a secure energy future, which includes aggressive energy efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. For more information about Progress Energy, visit the company’s Web site at www.progress-energy.com.
Progress Energy invests in nonprofit partners in Florida, North Carolina and South Carolina to improve the quality of life for both customers and employees. Grants focus on education, the environment, economic development and employee involvement. During 2008, Progress Energy invested more than $11 million in the communities it serves.