REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM – 2015 ROUND 1 FUNDING & INVITATION TO ATTEND EDUCATION SEMINARS

The Redevelopment Assistance Capital Program (RACP) grant program is managed by the Commonwealth of Pennsylvania’s Office of the Budget (OB) for economic development projects throughout the state. RACP grant awards are issued by the Commonwealth and passed through a municipality or a public authority. In the City of Philadelphia, the Philadelphia Authority for Industrial Development (PAID) serves as the Applicant/Grantee and acts as an intermediary between the OB and the project that ultimately receives the funds. Each year, approximately $125 million of Redevelopment Assistance Capital Program Grant funding will be available for eligible capital projects. In 2013 PIDC administered 20 Grants for a total of $28 million. Please see the 2015 schedule below:

Year 2015 Round 1	Begin Date	Deadline Date
Submission of Business Plans	January 9, 2015	February 9, 2015
Mandatory 30-day Public Comment Period	February 16, 2015	March 17, 2015
Notifications Begin	TBD
Selection results posted to website	TBD
Awardees’ confirmation of acceptance of award	Receipt of award letter	30-days post receipt of award letter
Application Submission	Date of award letter	6 months from Award Letter date

Educational Seminar: Friday, January 16, 2015 10:00 AM To RSVP,  click here. 

Mount Aloysius College (Cambria County)

7373 Admiral Peary Highway

Cresson, PA 16630-1999

Alumni Hall

Item E on map

Please be advised that a new administration will be sworn in on January 20, 2014. Therefore, the information regarding the RACP program is subject to administrative change after the aforementioned date. The applicable modification may, either, be slightly or considerably refashioned, contingent upon the plans and priorities of the upcoming administration. The resulting modification will be posted on our website once it is known.

PIDC and the Philadelphia Authority for Industrial Development (PAID) administer a variety of federal, state, and local grant programs, acting as a conduit to bring critical resources to Philadelphia non-profits and development projects.  Please visit pidcphila.com for more information on grants administration. For questions and assistance please contact Jorge Santana at jsantana@pidcphila.com  or 215.496.8193.