Pilot programs to help businesses occupy vacant spaces and to revitalize struggling business districts. Both programs were launched on July 1, 2017 on a pilot basis, and therefore will continue based on available funding.
|Vacant Space Revival Pilot Program
Vacant business space detracts from the economic vitality of a business district and results in underutilization of existing electric infrastructure. The Vacant Space Revival Program is designed to encourage occupancy of commercial space in a business district that has been vacant for a period of one year or more. The goal of this program is to offer financial incentives to support the redevelopment of commercial and business facilities, encourage new business growth, optimize the electric infrastructure, create electric revenue from existing assets, add jobs and drive economic growth in local economies.
|Main Street Revitalization Pilot Program
Designed to encourage economic vitality of a business district and to optimize the use of existing electric infrastructure. This program offers financial incentives for projects expected to improve the economic stability and growth of a local business district. Eligible projects may include interior renovations, façade improvements, streetscape improvements, or other investments that would enhance the economic viability/vibrancy of the business district. Any PSEG Long Island award or incentive offered to an applicant’s project is intended to supplement funding from other non-PSEG Long Island sources.