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
Transcript of 2013 AICUP Spring Institute - RACP & PA's Colleges & Universities
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
