Redevelopment Assistance Capital Program (RACP) Grants and

Pennsylvania’s Private Colleges and Universities

Partners in Community Revitalization

April 18, 2013

Financial investments in capital projects intended to promote the

economic growth of communities or regions in the

Commonwealth

- Education - Research- Employers- Consumers- Partners in community development

Roles for Private Collegesand Universities in Pennsylvania

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

RACP Grants to Private Colleges and Universities

1

1

1

1

1

3

1

14

23

20

25

19

1986

1988

1990

1992

1994

1998

2000

2002

2004

2006

2008

2010

Private College and University Development Projects

Listed in Capital Budget Bills

Private College and University Development Projects

Authorized for RACP Funds

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

Examples of RACP Projects

Seton Hill UniversityGreensburg, Pennsylvania

$6.5 million RACP

$23 million University investment

$71 million public and private investment in restaurants, entertainment facilities, and infrastructure improvements

Community Impact

Science Center atSaint Francis UniversityLoretto, Pennsylvania

$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

Academic Village Initiative at

Point Park UniversityPittsburgh, Pennsylvania

$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

Northern Gateway Project at

Franklin & Marshall CollegeLancaster, Pennsylvania

$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

- Education - Research- Employers- Consumers- Partners in community development

Roles for Private Collegesand Universities in Pennsylvania

Association of Independent Colleges and Universities of Pennsylvania

101 North Front StreetHarrisburg, Pennsylvania 17101(717) 232-8649