Brownfield/Building Redevelopment
NYSEG will provide funding assistance up to $500,000 per project for electric-related infrastructure improvements on either the NYSEG-owned or customer-owned (as directed by NYSEG) equipment and other costs necessary for the redevelopment of a brownfield site or vacant building.
• The funds may be utilized for up to 10% of the redevelopment costs.
• Funding cannot exceed the estimated cost of the electric delivery-related infrastructure improvements.
• Project must hold NYSE harmless in regard to any contaminant liability.
• Site/facility must be located within the NYSEG service area.
• Applicant must demonstrate that financial assistance from this program will be a benefit to attracting new investment activity.
• Applicant must be the owner or leaseholder of the facility and current in payments to NYSEG (existing customers).
• Project must demonstrate the ability to retain and/or attract new employment.
• Business use must be classified under the following industries: manufacturing, wholesale trade durable goods, wholesale trade non-durable goods, finance, insurance and real estate or business services.
• Applicant must demonstrate a viable reuse strategy for the site, facility or company operation.
Utility Infrastructure Investment
NYSEG will invest up to $400,000 per project for new electric-related infrastructure improvements on either NYSEG-owned or customer-owned (as directed by NYSEG) equipment involving existing or prospective customers, either stand alone or in a business or industrial park.
• Project must involve capital investment in facility and/or equipment purchases which total more than $1 million.
• The monthly incremental electric demand after capital investment must be at least 100 kilowatts.
• Project must hold NYSEG harmless in regard to any contaminant liability.
• Applicant must demonstrate that financial assistance from this program will be a benefit to attracting new investment activity.
• Facility must be located within
the NYSEG service area.
• Applicant must be the owner or leaseholder of facility and current in payments to NYSEG (existing customers).
• Project must demonstrate the ability to retain and/or attract new employment.
• Applicant must demonstrate efforts to obtain state and/or local economic development incentives.
• Business use must be classified under the following industries: manufacturing, wholesale trade durable goods, wholesale trade non-durable goods, finance, insurance and real estate or business services.
Capital Investment Incentive
NYSEG will provide funding assistance up to $300,000 per project for capital investments of
$1 million or greater to fund electric-related improvements on equipment either owned by NYSEG or the customer (as directed by NYSEG).
• The monthly incremental electric demand after capital investment must be at least 100 kilowatts.
• Project must hold NYSEG harmless in regard to any contaminant liability.
• Applicant must demonstrate that financial assistance from this program will be a benefit to attracting new investment activity.
• Facility must be located within the NYSEG service area.
• Applicant must be the owner or leaseholder of an eligible facility and current in payments to NYSEG (existing customers).
• Applicant must demonstrate efforts to obtain state and/or local economic development incentives.
• Project must demonstrate the ability to retain and/or attract new employment and capital investment to the eligible facilities.
• Business use must be classified under the following industries: agriculture, forestry, fishing, mining, manufacturing, wholesale trade durable goods, wholesale trade non-durable goods, finance, insurance, real estate and business services.
Agriculture Capital Investment Incentive
NYSEG will provide funding assistance up to $100,000 per project for smaller farms toward electric-related infrstructure improvements on either NYSEG-owned or customer-owned (as directed by NYSEG) equipment. Each project must involve capital investment of at least $50,000 and have a monthly incremental electric
demand after capital investment of at least 25 kilowatts.
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