2013 AICUP Spring Institute - RACP & PA's Colleges & Universities
Transcript of 2013 AICUP Spring Institute - RACP & PA's Colleges & Universities
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Redevelopment Assistance Capital Program (RACP) Grants and
Pennsylvania’s Private Colleges and Universities
Partners in Community Revitalization
April 18, 2013
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Financial investments in capital projects intended to promote the
economic growth of communities or regions in the
Commonwealth
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- Education - Research- Employers- Consumers- Partners in community development
Roles for Private Collegesand Universities in Pennsylvania
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RACP numbers…….Private colleges and universities approved for RACP funds
Private colleges and universities with a project in a budget bill butNOT approved for RACP funds
Total amount of RACP fundsapproved for private collegesand universities
65
15
$461 million
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RACP Grants to Private Colleges and Universities
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1986
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Private College and University Development Projects
Listed in Capital Budget Bills
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Private College and University Development Projects
Authorized for RACP Funds
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Year Authorization1987 $895,000
1992 $1,000,000
1993 $9,200,000
2000 $18,000,000
2002 $25,200,000
2003 $22,400,000
2004 $40,000,000
2005 $25,964,000
2006 $47,875,000
2007 $46,500,000
2008 $48,966,000
2009 $22,850,000
2010 $138,670,000
2011 $5,700,000
2012 $8,500,000
2013 $47,875,000
RACP FundsAuthorized to Private
Colleges andUniversities by Year
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Examples of RACP Projects
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Seton Hill UniversityGreensburg, Pennsylvania
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$6.5 million RACP
$23 million University investment
$71 million public and private investment in restaurants, entertainment facilities, and infrastructure improvements
Community Impact
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Science Center atSaint Francis UniversityLoretto, Pennsylvania
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$7 million RACP funding
$26 million University investment
New research facility in a rural area of Pennsylvania, support for regional technology-based economic development, new jobs.
Community Impact
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Academic Village Initiative at
Point Park UniversityPittsburgh, Pennsylvania
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$3.2 million RACP funding
$7 million University investment
60 new jobs, reuse of long-vacant buildingsinto dormitories and commercial and retailspace, new infrastructure along Wood Street.
Community Impact
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Northern Gateway Project at
Franklin & Marshall CollegeLancaster, Pennsylvania
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$14 million RACP funding
$75 million University investment
100’s of new jobs, elimination of urbanbrownfield, creation of acres of green space,new commercial and retail businesses.
Community Impact
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- Education - Research- Employers- Consumers- Partners in community development
Roles for Private Collegesand Universities in Pennsylvania
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Association of Independent Colleges and Universities of Pennsylvania
101 North Front StreetHarrisburg, Pennsylvania 17101(717) 232-8649