Gov. Tom Corbett Friday announced the opening of the next Redevelopment Assistance Capital Program submission window. Project plan submissions will be accepted through close of business on April 15.

The Economic Growth Initiative, also known as the RACP, is an administration-sponsored economic development program that provides local communities with grants for the acquisition and construction of economic, cultural, civic, and historical improvement projects.

Last month, the Corbett Administration announced the award of 54 new Economic Growth Initiative grants. These projects, totaling nearly $125 million, will create or retain more than 56,000 jobs in 28 counties across the state.

Last year, Corbett reformed the state’s method of funding redevelopment assistance capital projects with a significant redesign, making the process more transparent and objective. Projects are now selected based upon their job-creation potential, their economic impact, as well as their viability and construction readiness.

Capital Budget Seminar

The Governor’s Budget Office will host a Capital Budget Project Education Seminar on March 25 at 10:00 a.m. in the Forum Building, Harrisburg to provide additional background on this process.  Click Here for a copy of the presentation handout.

For more information, visit the Redevelopment Assistance Capital Program webpage.

3/18/2013