Businesses expanding or building new facilities in National Grid's upstate New York territory can get $50,000-$750,000 (scaled to investment) toward the electric infrastructure their project needs, plus up to $50,000 for employee training. Open on a continual basis.
National Grid's Capital Investment Incentive Program helps businesses expanding or building in its upstate New York territory pay for the utility infrastructure the project needs, such as line extensions, customer-owned transformers and switchgear, trenching, and feasibility engineering (up to $50,000). Caps scale with total capital investment from $50,000 (under $1 million) to $750,000 (over $25 million), and up to $50,000 more is available for employee training. Applicants must show they could not get enough funding from other economic development programs.
Customer of record (owner or lessee) of an eligible existing or prospective facility in National Grid's upstate New York territory
Making a capital investment that requires electric infrastructure improvements, and able to retain or attract jobs and investment
Must show efforts to obtain state and local economic development incentives and that other funding is insufficient
Must be a National Grid customer in good standing (current on payments or on a deferred payment agreement)
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Money can be used for
Open opportunities funding similar work, from the same funder or in the same place.
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