November 3, 2024

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Business is my step

FPL provides monetary assistance throughout 2021 for tiny businesses crushed by pandemic

3 min read

As element of a $75 million expense in initiatives to help prospects through hard periods ensuing from the coronavirus pandemic, Florida Electric power & Gentle is supplying charge waivers, payment extensions and direct credits to compact businesses through its new Major Street Restoration Credit rating Method.



a large building: Three new 150-foot smokestacks, which emit steam, not smoke, at the new FPL Next Generation Clean Energy Center in Riviera Beach replace the 300-foot smokestacks toppled when the old power plant was torn down. The formal commissioning ceremony for the new plant was held Thursday morning, April 10, 2014. (Lannis Waters / The Palm Beach Post)


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3 new 150-foot smokestacks, which emit steam, not smoke, at the new FPL Subsequent Era Clear Electrical power Center in Riviera Seashore replace the 300-foot smokestacks toppled when the previous electrical power plant was torn down. The official commissioning ceremony for the new plant was held Thursday morning, April 10, 2014. (Lannis Waters / The Palm Seashore Post)

To be eligible, organizations have to have been inactive for at least six consecutive months soon after March 2020 or be in a federally selected Possibility Zone within just the company’s service space. New smaller organizations may well also be eligible. 

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If permitted, corporations will receive a 10% credit score every thirty day period all over 2021 dependent on their electricity consumption charges from their former month’s invoice. 

More: Boca Raton Vacation resort & Club terminates 995 personnel amid pandemic-fueled economic crisis

Though the whole country has suffered financial setbacks for the reason that of the ongoing pandemic, Florida has been hit specifically difficult. More than 50 percent of Florida’s modest corporations have closed given that the pandemic started, in accordance to a study of 4,800 small firms executed by the Florida Chamber Basis, when 45% expressed worry about their capability to operate in the upcoming. 

Florida ranks fourth in the nation for tiny small business closures, with about 5,300 long lasting closures and about 3,300 momentary closures, in accordance to a Yelp economic report. FPL estimates that about 200,000 compact enterprises in the point out are suitable for the new subsidies.

Extra: Sue companies for COVID-19 circumstances? It is a sizzling button in Washington, Tallahassee

“We know that COVID-19’s unpredictability and disruptiveness has made lifetime extremely tough for all Floridians, so we are continuing to function hard to discover modern techniques to support our customers get via this complicated time,” stated FPL President and CEO Eric Silagy in a assertion. “This new initiative will support reduce some of the economic tension dealing with our smaller firms and independent shops that make up the cloth of our communities. We’re dedicated to assisting Florida get back up on her feet and this software is a single more way FPL is helping to rebuild our economic climate and move the condition forward.”

Aid stays accessible for qualified residential shoppers as effectively. FPL donated $15 million to present 55,000 customers with month to month credits by the state’s Reduced Revenue House Strength Guidance Application and the Unexpected emergency Residence Energy Guidance for the Elderly Plan

Any one who would like to lead to the Care to Share Plan to support residential buyers in need of utility guidance may make a a person-time donation, donate regular or round up their possess payments to the nearest dollar as a voluntary contribution. 

Are you the owner of a Palm Beach County small business that is struggling since of the economic outcomes of the pandemic? We want to hear from you and explain to your tale. Email [email protected]

@WendyRhodesFL

This post initially appeared on Palm Seashore Publish: FPL offers financial enable all over 2021 for small organizations crushed by pandemic

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