Optimize for Growth

Optimize for Growth – CenterPoint Energy Foundation

Small businesses and nonprofits play a vital role in the strength and character of southwestern Indiana, but many operate in older buildings with limited resources to make needed upgrades. Optimize for Growth, Optimize for Local and Optimize for Good were created to help organizations improve their facilities, reduce energy waste, and build long-term stability.

Through matching grants, CenterPoint Energy Foundation will invest in energy efficiency projects that strengthen nonprofit organizations, support the vibrancy of our community, and drive economic growth in key industries.

Eligible Applicants – Optimize for Growth

A business must meet all of the following:

  • Be a for-profit small business with the primary business location in the CenterPoint Energy service area in southwestern Indiana. Small business as defined by:
    • Fewer than 50 employees (or fewer than 100 for manufacturing)
    • Under $10M in annual revenue
  • Operate in a high energy use industry, including:
    • Manufacturing and machining (NAICS 31–33)
    • Food, beverage, or agribusiness processing (NAICS 311–312)
    • Cold storage, warehousing, or distribution (NAICS 493)
  • Show realistic sustained or increased revenue growth or job creation potential through added capacity, improved reliability, or modernized operations.
  • Been in continuous operation for at least 2 years. Acceptable proof:
  • Be in good standing, with:
    • No delinquent federal or state taxes
    • No outstanding federal debt
  • Operate from a commercial facility (owned or leased).
  • Be able to meet the 1:1 match requirement up to the award amount (maximum of $25,000).
  • Agree to complete a simple end-of-grant report confirming project completion, energy-related improvements, and outcomes.
  • Able to complete the project within 12 months of receiving the grant.
Eligible Project Types – Optimize for Growth

Grant funds may be used only for capital investments that directly improve energy efficiency or building performance, such as:

  • HVAC upgrades.
  • Refrigeration or cooling replacements.
  • LED lighting and lighting system modernization.
  • Insulation or air sealing.
  • Energy-efficient windows or exterior doors.
  • Replacement of older, inefficient mechanical or electrical equipment tied to energy use.
  • Other energy efficiency or building improvements that materially improve business operations will be considered.
Not Eligible:
  • Refinancing existing debt.
  • Paying off loans or lines of credit.
  • Routine maintenance without energy benefits.
  • Cosmetic improvements (paint, décor, signage, flooring).
  • Marketing or operating costs.
  • New construction.
  • Vehicles or mobile equipment.
    ​