Monday, April 20, 2015

New Applications For Capital Budget Projects Being Accepted May 4 To 18

For a two week period— May 4 to May 18— new applications for funding from the State Redevelopment Assistance Capital Program (RACP) will be accepted by the Office of the Budget, according to Senate President Pro Tempore Joe Scarnati (R-Jefferson).
RACP is a Commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects.
New RACP business plans from potential candidates will be accepted for the upcoming round of funding beginning May 4 and must be submitted by May 18. During this window, those that had previously submitted business plans during calendar year 2015 may also amend those submissions to correct any technical errors or omissions.
“In the past, grants through the RACP program have provided significant investments within our local communities and helped to bring more jobs and services to the region,” Senator Scarnati said. “I strongly encourage those with eligible projects to take advantage of this submission period and send in business plans for new local improvement projects.”
All submissions received by the Commonwealth by May 18,will receive equal consideration for the RACP funding available in this round.
Before completing a business plan, project eligibility must be verified. A template and guide to verify projects can be found on the RACP website.
In order to receive consideration, the original and 2 CD copies of all business plan materials must then be submitted to: Redevelopment Assistance Capital Program: C/O Business Plan, Office of the Budget, 333 Market Street, 18th Floor, Harrisburg, PA 17101-2210.

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