For Immediate Release
NEWARK, Del. (July 12, 2018) – Delmarva Power is encouraging businesses in its Maryland service area to save money through its Energy Discounts for Growing Enterprises (EDGE) Maryland program, which offers a discount on energy bills to companies that expand or relocate to the Eastern Shore of Maryland.
Participating businesses can receive a 20-percent discount off the electric delivery portion of their new facility's energy bill for five years, leading to significant savings. Reducing operating costs for growing businesses gives them a competitive advantage in their industry and helps the region retain existing businesses and attract new business.
"We have been delivering safe, affordable and reliable energy to Maryland's Eastern Shore for generations and are committed to helping local businesses grow and succeed," said John Allen, Delmarva Power region vice president. "We hope that EDGE Maryland not only helps growing businesses save money, but also supports economic growth in our communities and fosters new job opportunities for Maryland residents."
The program is available to both new and existing commercial businesses of all sizes and a variety of expansion options are available, including constructing a new building, purchasing or leasing a vacant building, or expanding an existing facility. To qualify, a company must have a new space that is at least 8,000 square feet and hire at least two additional full-time employees.
For complete eligibility guidelines and additional information, call 1-833-263-3343 or visit delmarva.com/EDGEMD.
"This program is a great opportunity for local businesses that have been thinking about taking the next step," said Dave Ryan, executive director of the Salisbury Wicomico Economic Development Corporation. "Whether it's expanding an existing facility or building a new location, these types of incentives from community partners like Delmarva Power help both resident and new companies grow and succeed here on the Eastern Shore. They are good for our businesses community and good for our region as a whole."
In addition to EDGE Maryland, Delmarva Power offers a variety of incentives that can help Maryland businesses save money and energy through the Delmarva Power Energy Savings for Business Program, which is part of EmPOWER Maryland. This program offers cash incentives to reduce the initial cost of upgrading to energy efficient equipment and systems. To learn more, visit delmarva.com/SaveEnergy.
To learn more about Delmarva Power, visit The Source, Delmarva Power's online news room. Find additional information by visiting delmarva.com, on Facebook at facebook.com/delmarvapower and on Twitter at twitter.com/delmarvaconnect. Delmarva Power's mobile app is available at delmarva.com/mobileapp.
About Delmarva Power: Delmarva Power, a public utility owned by Exelon Corporation (NYSE: EXC), provides safe and reliable energy to more than 520,000 electric delivery customers in Delaware and Maryland and approximately 132,000 natural gas delivery customers in northern Delaware.