Financial
incentive programs are available to qualifying businesses:
New York
Economic Development Rate (EDR)
Orange & Rockland offers a special incentive
rate to qualifying electric customers locating to — or expanding
within — our New York State service territory. This incentive is
designed to help ease the cost to customers who are making major relocation
or expansion decisions. The basic elements of the program are:
- An application must be submitted PRIOR to signing a lease or purchasing a property.
State the anticipated date on which a lease will be signed,
or the closing of sale.
- Provide suitable documentation that Applicant has qualified for and will receive a comprehensive package
of economic incentives conferred by the local municipality
or state authorities including substantial financial assistance or a substantial tax incentive program
designed to maintain or increase employment levels in the service area.
- Customers must construct a new
building, purchase or lease an existing building that's
been vacant for three months or expand an existing building.
- New
or expanding customers must add 100 kilowatts (kW) of
separately metered monthly electric usage to the O&R
electric system.
- It provides a 10% discount off the electric delivery portion of the
rate to qualified commercial and industrial customers for five years.
- Customers must operate under a qualifying North American Industry
Classification System (NAICS) code.
Qualifying customers are classified by the NAICS as Manufacturing (Sector
31-33), Wholesale Trade (Sector 42), Transportation and Warehousing (Sector
48-49), Information (Sector 51), Finance and Insurance (Sector 52), Real
Estate, Rental and Leasing (Sector 53), Professional, Scientific and Technical
Services (Sector 54), Management of Companies and Enterprises (Sector
55), Administrative Support, Waste Management and Remediation Services
(Sector 56).
For more information about this program or to receive an EDR application,
please contact Toni Graziano at
201-236-6009.
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