Covid-19 Small Business Recovery Grant
The New York State COVID-19 Pandemic Small Business Recovery Grant Program was created to provide flexible grant assistance to currently viable small businesses, micro-businesses and for-profit independent arts and cultural organizations in the State of New York who have experienced economic hardship due to the COVID-19 pandemic.
Supporting the Business Community
Let us help your business work on Long Island. Find out about programs that can save you money and help you grow your business.
Main Street Revitalization
Eligible businesses can receive incentives to occupy or renovate commercial spaces and breathe new life into struggling business districts.
The Main Street Revitalization Program is designed to encourage economic vitality of a business district and to optimize the use of existing electric infrastructure. This program offers financial incentive awards for projects in a local business district that is expected to improve the economic stability and growth of a municipality.
Eligible projects may include:
- Interior renovations
- Façade improvements
- Streetscape improvements
- Other investments that would enhance the economic viability/vibrancy of the business district
Click HERE for more information and to get started.
Chambers: Thrive Program for Outdoor Commerce and Beautification – Application will be accepted until September 30, 2024, or until funds are exhausted. Learn More
Business Attraction/Expansion Rate Discounts
For non-retail customers that significantly expand their Long Island operations or move their businesses to Long Island, and that meet or exceed increased electric load or job creation/retention guidelines.
Who is eligible?
- New, non-retail customers who achieve 145 KW. Discount applied to entire load.
- Existing, non-retail customers who increase their load by 100 KW or increase employment by 20% over minimum 50-employee base level. Discount is applied to incremental load.
Discount term of up to five (5) years on the energy-delivery portion of the bill for eligible load, with the greatest discount in the first year and then decreasing each year over a five year period down to standard rate.
Business Incubator Rate Discounts
For start-up business that graduated from a New York State-sponsored incubator program and are located outside the incubator facility. Business must have a 7 KW minimum load. The discount applied to entire load.
Discount on energy-delivery portion of the bill for eligible load Discount term of up to five (5) years on the energy-delivery portion of the bill for eligible load, with the greatest discount in the first year and then decreasing each year over a five year period down to standard rate.
Load-Shifting Option Discount
New program participants can permanently lower their electric rates by shifting their electric use away from our most critical load period—summer weekdays between 3:00 p.m. and 10:00 p.m.
New York State Excelsior Jobs Program
PSEG Long Island provides electric rate discounts to Excelsior-certified business customers, including firms in targeted industries such as biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial services, agriculture, and manufacturing.
Who is eligible?
- A new customer that moves into the PSEG Long Island service territory with electric load of 7 KW or higher and is certified by New York State (NYS) Empire State Development in the NYS Excelsior Jobs Program, or
- An existing customer that increases its electric load to at least 7 KW by adding 25% or 50 KW (whichever is less) and is certified by NYS Empire State Development in the NYS Excelsior Jobs Program. Discount applied to incremental load.
Discount on eligible load includes:
- Zero demand charges
- Flat energy delivery charge
- Discount term is up to ten (10) years based on maintaining annual certification by Empire State Development.
Recharge New York
A New York Power Authority program that provides lower-cost hydro power to qualified businesses that retain and create jobs.
Click HERE for information on all of the above programs and to get started.
Vacant Space Revival
Eligible businesses can receive incentives to occupy or renovate commercial spaces and breathe new life into struggling business districts.
Vacant Space Revival Program
The Vacant Space Revival Program is designed to encourage occupancy of commercial space in a business district or in an area of existing commercial businesses that has been vacant for a period of one year or more. Vacant business space detracts from the economic vitality of a business district and results in under-utilization of existing electric infrastructure.
Qualifications:
- The Applicant may be the owner or prospective tenant of the eligible site.
- Applicant must apply within six (6) months of Certificate of Occupancy or Electric Service Application
- Incentives are applicable to the customer of record.
- Landlords may apply for pre-qualification.
- Applicant must also complete an Application for Service to begin receiving electric service at the building.
- Applicant’s electric accounts must be in good standing.
Click HERE for more information on this program and to get started.
Businesses: Electric Rate Discounts for Growing Companies – LEARN MORE
Click HERE to apply for Grant Program
Neighborhood Investment Program – Grants for nonprofits, faith-based organizations, arts and cultural institutions, and recreational centers aimed at community revitalization through energy, education, and economic development. Learn more
Small Business Technical Assistance – Funding for regional and local economic development partners to provide direct outreach and technical guidance to small businesses. Learn More
