ALBANY – Governor Kathy Hochul today announced $63.6 million in grants for 30 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 colleges and universities, spurring economic development and supporting thousands of local construction jobs in communities across the state.
The projects announced today were 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.
“Thank you, Governor Hochul, HECap Board Chair Smingler, and the State Legislature for supporting this important program,” said Lola W. Brabham, President of the Commission on Independent Colleges and Universities. “HECap grants are an investment in infrastructure and higher education that provides both immediate and long-term returns for all New Yorkers. HECap stimulates economic growth in communities across the state, while ensuring that New York remains a global leader in higher education and innovation.”
“New York’s private colleges and universities are vital to our state economy and educate more than 500,000 students every year,” said Assemblymember Patricia Fahy. “Ensuring these institutions are able to retain and attract students, faculty, and staff with critical investments in infrastructure is key to maintaining enrollment and advancing a top-tier education. As Chair of the Higher Education Committee in the Assembly, I’m committed to working 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 stellar 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 make critical 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 $1.3 billion in infrastructure spending across the state and created more than 17,000 jobs in our communities, including over 8,700 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:
|Albert Einstein College of Medicine|
Albany College of Pharmacy
Bank Street College of Education
Hobart and William Smith Colleges
Le Moyne College
Mount Saint Mary College
Rochester Institute of Technology
St John’s University
St. John Fisher University
St. Thomas Aquinas College