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.
Working Together to Revitalize Communities
Eligible businesses can receive incentives to occupy or renovate commercial spaces and breathe new life into struggling business districts.
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Main Street Revitalization Program application. Please submit completed application to
PSEG-LI-economicdevelopment@pseg.com.
Main Street Revitalization Program
The Main Street Revitalization Program is designed to encourage economic vitality and growth of a business district. This program offers financial incentive awards for customers undertaking renovation or expansion projects to startup or grow their business.
Eligible projects may include:
- Interior renovations
- Façade improvements
- Streetscape improvements
- Other investments that would enhance the economic viability/vibrancy of the business district
Business Spotlight
Long Island MMA and Fitness Center. For more video testimonials, visit our YouTube channel.
Program Guidelines
The following guidelines will be used to administer and manage the program:
- Applicants must be business owners/electric account holders.
- Business may only apply once per site.
- New development buildings do not qualify.
- Qualified work includes substantial construction projects (not cosmetic work).
- Applicants need to apply for the program prior to construction.
- Program application approval is not guaranteed.
- Applicant agrees to provide economic information to PSEG Long Island or its approved agent in order to verify the economic benefit of the award for a period of two (2) years after issuance of the final award payment.
- Applicants must be located in a business district within PSEG Long Island service territory. Applicants must be maintaining all existing electric accounts in good standing with no arrears.
- Applicants must secure required building permits and complete the project in accordance with all applicable building codes, zoning ordinances, and standard construction practices. Contractors must be properly registered, licensed, and insured.
- Applications will be evaluated based on potential economic growth, community impact, capital investment, project team experience, local support, use of energy efficiency technologies, financial need and location.
- PSEG Long Island will conduct pre-inspection and post-inspection of sites associated with the project, as well as request project status updates periodically.
- Applicant agrees to participate in PSEG Long Island marketing and promotional activities related to any award provided for a period of up to two (2) years after issuance of final award payment.
- PSEG Long Island to be included in ribbon-cutting/grand opening events and photos. Business and/or affiliated local Chamber of Commerce to tag @PSEG Long Island and utilize #PSEGLI and #BusinessFirst in social media in reference to assistance provided by PSEG Long Island.
- This program may be suspended without notice at any time.
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