Capital Investment Incentive Program - Tier 2

NYSEG and RG&E will provide assistance of up to $200,000 per project/unique phase of project for electric-related infrastructure improvements on either company-owned or customer-owned equipment and other costs necessary for the construction of a new building or an addition to or redevelopment of an existing building.

Funds are targeted for business projects that involve major capital investment in plant and equipment.

Support will be considered based upon the project’s overall economic impact to the community.

Projects included may be either stand-alone buildings or those in a business or industrial park. Additionally, projects may include mixed-use facilities, including waterfront developments, contingent upon qualified business sectors, load, usage, or square footage being more than 50% of the project.

• Project must involve capital investment in facility and/or equipment purchases which total at least $500,000 or more.
• The expected monthly incremental electric demand after capital investment must be at least 50 kilowatts.
• Project must hold the company harmless with regard to contaminant liability.
• Site/facility must be located within the company's service area.
• Recipient must be the owner or leaseholder of facility and must be current in payments to the company or have a deferred payment agreement in place and current (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 general categories: agriculture*, forestry, fishing, mining, manufacturing, wholesale trade durable goods, wholesale trade non-durable goods, finance, insurance, real estate, business services, clean technologies, regional warehouses and distribution centers, colleges/universities and hospitals/health care facilities**, and projects that are endorsed by one of Empire State Development’s (ESD) Regional Economic Development Councils and/or the Governor’s office.
  
  *Agriculture includes the craft beverage industry for wineries, distilleries, micro-breweries, farm cideries, etc. 
  
  **Colleges/universities and health care facilities must demonstrate that project for economic development assistance goes beyond typical educational facilities/dormitories/traditional health care occupancy and promotes research and development and/or state-of-the-art technologies/best practices, centers of excellence, that foster regional economic development benefits.

Please contact a NYSEG/RG&E economic development representative to check on the availability of funding assistance under the economic development programs. Click here to email us.