Sound Investment Program

If you’re looking for a great location for your next store or restaurant, you’ve come to the right place.  Explore below to learn more about our plan, the opportunities, and upcoming events and activities.

Downtown Gateway II Study

A year-long, comprehensive market study has been completed and the findings are conclusive:  Glen Cove has charted a course for Sound economic growth.  Click the links below to read the full story

Investment Opportunities

If you’re looking to acquire commercial property, or a location for a new store or restaurant, we have plenty to offer.  Follow the links below to learn about our available properties, incentives and more.

News & Events

We pride ourselves on creating events that attract consumers from across the region to our waterfront, parks and downtown.  To see our schedule of upcoming events, or to read about all the great things happening in Glen Cove, follow the links below.

For more information, contact  Barbara A. Peebles, Deputy Mayor at 516-676-2144
City of Glen Cove, City Hall, 9 Glen Street, Glen Cove, NY 11542
Please complete and email the Glen Cove Downtown Location Assistance Form

Economic Development Incentives and Resources

MERF PROGRAMThe Metropolitan Economic Revitalization Fund (MERF) provides loans to businesses or governments investing in projects that retain or create a significant number of private-sector jobs in economically distressed areas that are within the geographic area known as the New York portion of the service area of the Port Authority of NY and NJ, including NYC, parts of Nassau, Westchester and Rockland counties.  The City of Glen Cove is eligible for this program.  Small business owners located in the Glen Cove Downtown Business District may be eligible for a low interest loan to improve land, buildings, construction and renovation and for machinery and equipment purchases.  Click on the link above more information.

JDA DIRECT LOAN PROGRAMThe Job Development Authority Direct Loan Program provides Direct Loans for the growth of manufacturing and other eligible businesses within New York State by assisting in financing a portion of the cost of acquiring and renovating existing buildings or constructing new buildings or for purchasing machines and equipment.  Funds to make loans are derived from the sale of State-guaranteed bonds.    Click on the link above for further info.

NDC National Development Council helps make small business loans to create jobs and build wealth in under served communities throughout the country with a special emphasis in New York through the Grow America Fund.  Click on the link above for further information.

National Grid Incentives –

National Grid has started a trial program offering instant rebates (for businesses with a National Grid account) on select energy efficient kitchen equipment at the point the sale at select retailers that service the restaurant and food service industry.  This is in addition to our existing commercial kitchen energy efficiency programs.  For new customers in the process of opening accounts, they can still apply for the traditional energy efficiency program for equipment purchased before they establish their account (application attached).  Please share this information with anyone who you think can benefit from this trial program.