The Power of Forward Thinking

Incentive Details

The Incentive Details - New Businesses


1. Cash Incentives for New Job Creation (Business must be located in community served by Heartland).
 
A.  Wage or salary-equivalent requirement
 

Wage of At Least

One-Time Incentive

$8.00/hour $300.00/new job
$12.00/hour $500.00/new job
$16.00/hour $700.00/new job
 
B.  Qualifying new jobs will be evaluated on, and paid at, the business's 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. Minimum new positions to qualify at Start-Up will be dependent on Customer’s population as of the most recent Census and the following table:

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


 2. Rebate based on Electric Power Bills (New retail customer of city served by Heartland OR commercial or industrial customer served directly by Heartland)


 

Portion of Power Bill Rebate

Eligible Time Period After Startup

Fifty percent (50.0%) During each of first twelve (12) months
(Not to exceed $50,000 per business per year)
Thirty-five percent (35.0%)
During months 13-24
(Not to exceed $50,000 per business per year)
Twenty percent (20.0%)
During months 25-36
(Not to exceed $50,000 per business per year)

 

 

The Incentive Details - Growing/Expanding Businesses

1. Cash Incentives For New Job Creation (Business must be located in qualifying community served by Heartland).

A. Wage or salary-equivalent requirement

 

Wage of At Least

One-Time Incentive

$8.00/hour $300.00/new job
$12.00/hour $500.00/new job
$16.00/hour $700.00/new job
 




  

B. Qualifying new jobs will be evaluated and paid at the beginning of the business's expansion and on each six-month anniversary of the expansion for a total of three years (36 months).  Each anniversary's evaluation will be measured against the highest level of employment of the previous anniversaries since the beginning of the expansion.  Jobs considered for evaluation must be full-time, non-temporary employment.

C. Each qualifying new employee will reside within a 10 mile radius of Community to be considered for an expanding business.

D. The retail customer of the city served by Heartland must have a minimum monthly bill of $100.00 to qualify.

2. Rebate based on Electric Power Bills (Expansion/Growth of retail customer of qualifying Customer served by Heartland)

 

Portion of Power Bill Rebate 

Eligible Time Period After Startup

Fifty percent (50.0%) During each of first twelve (12) months
(Not to exceed $50,000 per business per year)
Thirty-five percent (35.0%)
During months 13-24
(Not to exceed $50,000 per business per year)
Twenty percent (20.0%)
During months 25-36
(Not to exceed $50,000 per business per year)


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 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.

 

Implementation Procedure

 

  • The Customer will make the application to Heartland on behalf of its retail customer.
  • The Retail Customer must have a minimum monthly bill of $100.00 to qualify.
  • The Heartland Customer must submit a new business growth incentive form using the retail customer's monthly KWh usage and total retail electric bill for rebate eligibility. The Heartland Customer must also include an expanding growth incentive form using the retail customer's current year monthly KWh usage and total retail electric bill and the monthly KWh usage and total retail electric bill for the two previous years.
  • The addition of a new business or expansion of a current business MUST result in a corresponding increase in Heartland's energy sales to its Customer to receive full value of any of the incentives. Heartland reserves the right to discontinue any payments should energy sales not increase year over year.
  • Businesses must provide an employment verification form for each new job created including starting wage/salary and employment status (full-time permanent) to be eligible for the cash incentive. Documentation is to be provided by authorized, knowledgeable management member of the business.
  • Businesses must submit an employment verification form on each six-month's anniversary for additional cash incentives and total employment on the anniversary since startup or commencement of expansion.
  • Heartland reserves the right to make modifications at any time for any reason.

Heartland As Full Supplemental Supplier:  Required documentation will be the retail customer's current power bill with that information filled out on a growth incentive form, and for expansion businesses, the appropriate previous bills with that information filled out on a growth incentive form. Additionally the specific employment information will be provided in the same manner.  The District's Customer will provide the information to Heartland. 


Heartland is Non Full Supplemental Supplier:   The Heartland Customer will provide the specific documentation to substantiate that Heartland experienced a corresponding increase in its energy sales (specifically kilowatt-hours) to that Customer.  Employment incentives will be paid on a monthly basis at the rate of one-sixth (1/6) of full incentive for each month of the six-month period following the application and subsequent six-month anniversaries provided that Heartland receives the required documentation that its energy sales increased a corresponding amount because of the startup or expanded business.
  • Growth incentive payments from Heartland will be made jointly to the Heartland Customer and the retail customer.
  • Job Creation incentive payments from Heartland will be made to the retail customer only.
  • Heartland reserves the right to make random spot audits to verify the accuracy of the information submitted for payments.