ALBANY – On June 26, 2024, Governor Kathy Hochul announced $38 million in grants for 33 capital projects at New York’s independent colleges and universities. The Higher Education Capital (HECap) Matching Grant Program is a critical investment in New York’s independent, nonprofit colleges and universities, that provides immediate and long-term returns for all New Yorkers by stimulating economic development and supporting thousands of local construction jobs in communities across New York state.
The projects are chosen following a competitive application and selection process by the three-member HECap Matching Grant Program Board. Current board members are State Senator Toby Ann Stavisky, Assemblymember Patricia Fahy, and Michael Smingler, Division Chief at the New York State Division of Budget and Chair of the HECap Board.
“We thank Governor Hochul and the Legislature for supporting this important program,” said Lola W. Brabham, President of the Commission on Independent Colleges and Universities. “HECap provides a crucial investment in New York’s independent, nonprofit colleges and universities by providing the support needed to by improve critical academic facilities, drive economic development and high technology projects, and foster urban renewal and historical preservation, while ensuring that New York remains a global leader in higher education and innovation.”
“New York’s private colleges and universities educate hundreds of thousands of students every year and are internationally competitive. Ensuring these institutions are able to retain and attract students, faculty, and staff with critical investments in infrastructure under the HE-CAP program is key to maintaining enrollment and advancing a top-tier education. As Chair of the Higher Education Committee in the Assembly, I’m proud to have worked with my Senate counterpart Toby Ann Stavisky and our private colleges and universities to deliver the resources they need to continue to thrive.”
“The Higher Education Capital Matching Grant program (HECap) is a leading example of a public-private partnership that works for all New Yorkers,” said State Senator Toby Stavisky. “The HECap program helps campuses across the state to make crucial investments in their infrastructure and equipment, keeping New York’s independent colleges and universities competitive on a national and global level.”
HECap enables New York’s independent colleges to invest in their futures and attract students from around the world to study in the Empire State. Since the program began in 2005, it has generated more than $1.5 billion in infrastructure spending across the state and created nearly 20,000 jobs in our communities, including 10,000 construction jobs that pay prevailing wage. This impact is multiplied as each institution receiving grant funds commits to investing at least $3 of their own for every $1 provided by the state.
Across New York, independent colleges and universities are major economic engines and generate almost $95 billion in economic impact annually and educate nearly 500,000 students.
The projects awarded include:
| Bard College | $50,006 |
| Barnard College | $2,004,907 |
| Canisius University | $1,000,000 |
| Columbia University | $3,000,000 |
| Daemen University | $76,423 |
| Dominican University New York | $54,297 |
| D’Youville University | $50,000 |
| Fordham University | $3,000,000 |
| Hamilton College | $3,000,000 |
| Hartwick College | $92,371 |
| Hofstra University | $625,000 |
| Iona University | $255,750 |
| Keuka College | $101, 332 |
| LeMoyne College | $705,692 |
| Long Island University | $1,244,625 |
| Manhattan College | $3,000,000 |
| Maria College | $84,720 |
| Marymount Manhattan College | $100,000 |
| Nazareth University | $1,500,000 |
| The New School | $98,124 |
| New York Institute of Technology | $2,100,000 |
| New York Medical College | $900,000 |
| Niagara University | $325,000 |
| Pratt Institute | $3,000,000 |
| Rensselaer Polytechnic Institute | $1,900,021 |
| Rochester Institute of Technology | $1,500,000 |
| Siena College | $355,252 |
| St. John’s University | $3,000,000 |
| St. Thomas Aquinas College | $359,375 |
| Syracuse University | $3,000,000 |
| Trocaire College | $216,090 |
| University of Mount St. Vincent | $1,000,000 |
You can read the Governor’s press release here.
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