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What is the Redevelopment Assistance Capital Program? (RACP)

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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.

***Given the current economic conditions throughout portions of Pennsylvania, it will be the priority of the commonwealth to focus limited available capital funding on those projects that display significant potential for improving economic growth and the creation of jobs. The Office of the Budget (OB) will require sufficient information and documentation indicating a project's estimated economic impact and the potential for job creation. OB will expect all Business Plans to thoroughly discuss the regional and/or multi-jurisdictional economic impact of the project. In order to explain the project's impact, OB encourages Candidates to use maps and expand on the following points:

 

DEFINITIONS