Growth Incentive Program
One Business at a Time
Businesses offer essential goods and services in Heartland Energy’s customer communities. We offer rebates and incentives to encourage new businesses to bring expanded opportunities to communities and encourage existing ones to expand. Heartland Energy helps with business recruitment, retention and expansion, as well as job creation by awarding hiring incentives and utility rebates to qualifying businesses.
Businesses in Heartland’s customer communities are eligible for cash incentives for new jobs created. Certain wage requirements, a minimum number of positions created based on city population and a minimum monthly electric bill of $100 are all required to qualify. Additionally, we partner with our customers to provide rebates to new and expanding businesses on their retail electric bills.
Heartland Energy Stats Since 2004
New Businesses
Cash Incentives for New Job Creation
*Business must be located in community served by Heartland.
Wage Minimum | One-Time Incentive
- $8.00/hour | $300.00/new job
- $12.00/hour | $500.00/new job
- $16.00/hour | $700.00/new job
A. Wage of salary-equivalent requirement.
B. Qualifying new jobs will be evaluated on, and paid at, the business’ startup and on each six-month anniversary of the startup for a total of three years (36 months). Each anniversary’s evaluation will be measured against the highest level of employment of all the previous anniversaries. Jobs considered for evaluation must be full-time, non-temporary employment.
C. Each qualifying new employee will reside within a 10-mile radius of the community to be considered for a new business.
Minimum New Positions | Customer’s 2000 Population
- 2 | Less than 500 people
- 3 | Between 500 and 5,000 people
- 5 | More than 5,000 people
D. Minimum new positions to qualify at startup will be dependent on customer’s population as of the most recent census and the above table.
Rebate based on Electric Power Bills
*New retail customer of city served by Heartland Energy or commercial/industrial customer served directly by Heartland Energy.
Portion of Power Bill Rebate | Eligible Time Period After Startup
- 50.0% | During each of first 12 months (not to exceed $50,000 per business per year)
- 35.0% | During each of first 13-24 months (not to exceed $50,000 per business per year)
- 20.0% | During each of first 25-36 months (not to exceed $50,000 per business per year)
Portion of Power Bill Rebate | Eligible Time Period After Startup
- 50.0% | During each of first 12 months (not to exceed $50,000 per business per year)
- 35.0% | During each of first 13-24 months (not to exceed $50,000 per business per year)
- 20.0% | During each of first 25-36 months (not to exceed $50,000 per business per year)
Growth or Expanding Businesses
Cash Incentives for New Job Creation
*Business must be located in community served by Heartland.
Wage Minimum | One-Time Incentive
- $8.00/hour | $300.00/new job
- $12.00/hour | $500.00/new job
- $16.00/hour | $700.00/new job
A. Wage of salary-equivalent requirement.
B. Qualifying new jobs will be evaluated on, and paid at, the business’ startup and on each six-month anniversary of the startup for a total of three years (36 months). Each anniversary’s evaluation will be measured against the highest level of employment of all the previous anniversaries. Jobs considered for evaluation must be full-time, non-temporary employment.
C. Each qualifying new employee will reside within a 10-mile radius of the community to be considered for a new business.
D. The retail customer of the city served by Heartland Energy must have a minimum monthly bill of $100.00 to qualify.
Rebate based on Electric Power Bills
*New retail customer of city served by Heartland Energy or commercial/industrial customer served directly by Heartland Energy.
Portion of Power Bill Rebate | Eligible Time Period After Startup
- 50.0% | During each of first 12 months (not to exceed $50,000 per business per year)
- 35.0% | During each of first 13-24 months (not to exceed $50,000 per business per year)
- 20.0% | During each of first 25-36 months (not to exceed $50,000 per business per year)
A. Measurement of load growth will be determined on a monthly basis based on kilowatt-hours of energy compared to the average of the two previous years of the same month. In the event a business is less than two years old, the measurement will be based on the previous year’s bill of the same month. Any month whose previous two-year average electric load is greater than month under consideration will not be eligible for refund.
Newsletter
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact