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

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

  1. 1. Redevelopment Assistance Capital Program(RACP) Grants andPennsylvania’s Private Colleges and UniversitiesPartners in Community RevitalizationApril 18, 2013
  2. 2. Financial investments in capitalprojects intended to promote theeconomic growth ofcommunities or regions in theCommonwealth
  3. 3. - Education- Research- Employers- Consumers- Partners in community developmentRoles for Private Collegesand Universities in Pennsylvania
  4. 4. RACP numbers…….Private colleges and universitiesapproved for RACP fundsPrivate colleges and universitieswith a project in a budget bill butNOT approved for RACP fundsTotal amount of RACP fundsapproved for private collegesand universities6515$461 million
  5. 5. RACP Grants toPrivate Colleges and Universities
  6. 6. 11111311423202519198619881990199219941998200020022004200620082010Private College and UniversityDevelopment ProjectsListed in Capital Budget Bills
  7. 7. Private College and UniversityDevelopment ProjectsAuthorized for RACP Funds
  8. 8. Year Authorization1987 $895,0001992 $1,000,0001993 $9,200,0002000 $18,000,0002002 $25,200,0002003 $22,400,0002004 $40,000,0002005 $25,964,0002006 $47,875,0002007 $46,500,0002008 $48,966,0002009 $22,850,0002010 $138,670,0002011 $5,700,0002012 $8,500,0002013 $47,875,000RACP FundsAuthorized to PrivateColleges andUniversities by Year
  9. 9. Examples of RACP Projects
  10. 10. Seton Hill UniversityGreensburg, Pennsylvania
  11. 11. $6.5 million RACP$23 million University investment$71 million public and private investment inrestaurants, entertainment facilities,and infrastructure improvementsCommunity Impact
  12. 12. Science Center atSaint Francis UniversityLoretto, Pennsylvania
  13. 13. $7 million RACP funding$26 million University investmentNew research facility in a rural area ofPennsylvania, support for regionaltechnology-based economicdevelopment, new jobs.Community Impact
  14. 14. Academic Village InitiativeatPoint Park UniversityPittsburgh, Pennsylvania
  15. 15. $3.2 million RACP funding$7 million University investment60 new jobs, reuse of long-vacant buildingsinto dormitories and commercial and retailspace, new infrastructure along Wood Street.Community Impact
  16. 16. Northern Gateway ProjectatFranklin & Marshall CollegeLancaster, Pennsylvania
  17. 17. $14 million RACP funding$75 million University investment100’s of new jobs, elimination of urbanbrownfield, creation of acres of green space,new commercial and retail businesses.Community Impact
  18. 18. - Education- Research- Employers- Consumers- Partners in community developmentRoles for Private Collegesand Universities in Pennsylvania
  19. 19. Association of Independent Collegesand Universities of Pennsylvania101 North Front StreetHarrisburg, Pennsylvania 17101(717) 232-8649

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