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Deals & Dealmakers

Cuomo announces $21M college fund

Governor Andrew M. Cuomo announced $21.3 million in grants for capital projects at 35 colleges and universities across New York.

The funding comes from the Higher Education Capital Matching Grant Program and is awarded by the HECap Board, which provides matching grants to private, not-for-profit colleges and universities for projects that create construction jobs and drive investment in communities across the state.

Projects include, but are not limited to, the construction of new residence halls and conference facilities, athletic facility expansions and the equipping of science facilities.

New classroom spaces and sustainable, safety and structural improvements are also among the quality of learning enhancements being completed.

“New York has a world-class education system, and we must continue to invest in our educational institutions to provide New York students with an optimal living and learning environment to succeed,” Governor Cuomo said.

“These investments in our college campuses will not only benefit our next generation of leaders, they will also strengthen our communities and provide an economic boost to the entire state.”

LT. GOV. KATHY HOCHUL

Lieutenant Governor Kathy Hochul added, “With state support, these investments will modernize campuses and help institutions across the state continue to grow and prosper.”

New York City has been allocated $5.9 million. The projects selected for grants were chosen as part of a competitive application process. The three-member HECap Board includes one member chosen by the Speaker of the Assembly, one member chosen by the Temporary President of the Senate, and a third member chosen by the Governor.

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