SCRANTON, January 5, 2017 – State Sen. John Blake (D-Lackawanna/Luzerne/Monroe) today announced that applications for the Pennsylvania Redevelopment Assistance Capital Program (RACP) are now being accepted.
RACP is a commonwealth grant program administered by the Governor’s Office of the Budget for the acquisition and construction of regional economic, cultural, civic and community development improvement projects. In 2016, five projects in Lackawanna County received $9 million in RACP grants.
“RACP funding continues to be important in leveraging private investment in our region and it supports critically important economic development and job creation projects,” Blake said. “Across Northeastern Pennsylvania – and particularly in the City of Scranton – we have seen important state investments from this program. These investments revitalize neighborhoods; they support our business community and our workers; and they have enhanced facilities and programing at our institutions of higher learning. It is my hope that we are again able to bring RACP funding to our region to continue our economic growth and progress.”
Blake said that applications are only being accepted until February 3 so it is imperative for eligible organizations to apply soon for this highly competitive program. Only projects identified and authorized for funding under law through Act 85 of 2013 are eligible to apply. This program requires a dollar for dollar match in non-state funding in the project and, if approved, all project related expenses must be incurred and satisfied in advance of approved reimbursements from the state.
Per RACP guidelines, a project is eligible for a RACP grant if it has a cultural, civic, historical, regional or multi-jurisdictional impact and generates substantial increases in employment, tax revenues or other measures of economic activity.
For more information about the RACP program, visit www.budget.pa.gov/Programs/RACP/. Organizations eligible to apply for RACP grants can submit their application electronically through the DCED Electronic Single Application website at https://www.esa.dced.state.pa.us/login.aspx.
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