Pepco Increasing Funding to Local Community Colleges Donating $100,000 to Montgomery College
- June 26, 2020
- Press Releases
Grants to help local students seeking degrees in energy and related fields as our communities look to rebound from the effects of the COVID-19 pandemic
Pepco announced several major grants to support students seeking careers in energy and related fields, including a $100,000 donation to Montgomery College. As part of the company’s ongoing support for customers and communities impacted by the COVID-19 pandemic, Pepco will provide $400,000 to support students in the District of Columbia and Maryland who are pursuing higher education and vocational training—helping ensure a sustainable local pipeline of talent and a workforce that is prepared for future careers in energy and related sectors.
“The COVID-19 pandemic has caused significant impacts to individuals, families and communities across the area, highlighting inequities in access to resources and support systems for many residents and businesses,” said Dave Velazquez, president and CEO of Pepco Holdings. “These grants will help ensure our local students can continue their studies and achieve their dreams, and provide assistance to our local, small businesses who are so incredibly essential to supporting the long-term vibrancy of our communities.”
Pepco’s Community Scholars Program will provide grants to local community colleges to support students as gap funding. Partnering institutions will make award decisions based on a student’s financial need and pursuit of degrees in energy-related fields. Educational institutions receiving grants for the 2020-2021 academic year include:
- District of Columbia: $200,000 to The University of the District of Columbia
- Montgomery County, Md.: $100,000 to Montgomery College
- Prince George’s County, Md.: $100,000 to Prince George’s Community College
Funding for small businesses will be available to locally owned and operated businesses and will supplement existing small business recovery programs to help meet unprecedented demand for financial assistance during the pandemic. Pepco is providing grants as follows:
- District of Columbia: $350,000 to the Washington Area Community Investment Fund
- Montgomery County, Md.: $250,000 to Montgomery County’s Economic Development Corporation’s 3R project
- Prince George’s County, Md.: $250,000 to Prince George’s County Economic Development Corporation’s Emerge Strong Small Business Recovery & Resilience (ESBR) program
This $1.25 million to promote economic recovery and community vibrancy for our region is in addition to the $825,000 in support committed over the course of March and April by Pepco and the Exelon Foundation to assist our customers and communities as the economic impacts of the pandemic accelerated. Pepco’s additional financial support is part of the company’s overall efforts to help customers and communities manage through the pandemic, and provide opportunities to residents to continue their education, ensuring a strong and skilled energy workforce and small business community for the region as it begins to recover.
“We are grateful to Pepco for this generous donation. At Montgomery College we are committed to maintaining a robust, local pipeline of talent for local businesses and the communities we serve, and this scholarship will help us do that,” said Dr. DeRionne Pollard, President, Montgomery College. “The need for assistance by students in this crisis has been unprecedented. As the College works diligently to help Montgomery County rebound, Pepco’s donation is significant and timely.”
Having a local pool of talent to provide safe, reliable service is critical to the company’s commitment to the community. Since the start of the COVID-19 pandemic, Pepco crews have played a vital role, as first responders, maintaining reliable energy service for customers large and small. Crews work around-the-clock, whenever needed and in accordance with local ordinances, to provide critical infrastructure that powers hospitals and health care facilities, federal, state and local response centers, and businesses, as well as the many homes that make up the region.