GreatRate/GreatRebate Applications
When you open the GreatRate/GreatRebate PDF application form , you can type directly online and then print the final form and mail/fax it or you can print the form and type it. Please keep in mind if you choose to type the application online, you will lose all of your information as soon as you close the PDF window. This is to ensure confidentiality.
After completing the application, please fax it to 585 753-2028 or mail it to:
Monroe County Industrial Development Corporation
50 W. Main St., Suite 8100
Rochester, NY 14614
Download the GreatRate/GreatRebate PDF application form .
Should you have any questions, please call our office at 585 753-2000 to speak with an economic development specialist.
GreatRate Program
The GreatRate Interest Subsidy Program provides businesses with an interest subsidy due on a fixed rate loan or a capital lease used to purchase machinery or equipment, if the company meets its job creation requirement. The subsidy will be 3% or if the equipment is purchased locally, the subsidy will be 4%. (Rate cannot be subsidized below 1%.)
GreatRate Criteria:
- Be a non-retail for profit business.
- Meet the SBA’s definition of a small business.
- Be headquartered in Monroe County.
- Create one job for every $50,000 in loan or lease subsidized up to $200,000 or increase employee base by 10%, whichever is less. Job creation must occur in Monroe County within 12 months of loan or lease closing.
Locally is defined as purchasing equipment from a vendor in Monroe, Genesee, Livingston, Ontario, Orleans, or Wayne County.
See Related Documents for an application.
GreatRebate Program
The GreatRebate program builds on the success of the County’s GreatRate Program, helping employers make investments in equipment in order to create jobs.
The GreatRebate program expands the number of companies that qualify for incentives, enabling companies that purchase equipment in cash to take advantage of the incentives.
The GreatRebate Program provides businesses with a rebate on equipment purchases of at least $50,000, if the company meets its job creation requirement. The rebate will be $4,000 or if the equipment is purchased locally, the rebate will be $5,000.
GreatRebate Criteria:
- Be a non-retail for profit business.
- Meet the SBA’s definition of a small business.
- Be headquartered in Monroe County.
- Create one job for every $50,000 in equipment purchased up to $200,000 or increase employee base by 10%, whichever is less. Job creation must occur in Monroe County within 24 months or equipment purchase.
Locally is defined as purchasing equipment from a vendor in Monroe, Genesee, Livingston, Ontario, Orleans, or Wayne County.
