REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM (RACP) OPENING DEC 8

by PIDC
December 7, 2023

Explore Categories

The Pennsylvania Redevelopment Assistance Capital Program (RACP) offers matching grants funded by the Pennsylvania Office of the Budget for the acquisition and construction of economic development, cultural, civic, recreational, and historical improvement projects. 

RACP will open for grant applications on December 8, 2023 and close on January 12, 2024.  

Grants generally range from $1,000,000 to $5,000,000. RACP grant awards are issued by the Commonwealth and administered through the Philadelphia Authority for Industrial Development (PAID) for projects within the City of Philadelphia.  

The RACP program is very competitive with limited funding that is distributed across the Commonwealth. Projects that have been authorized in a capital budget and are ready to proceed with demonstrated need for the funds and substantial impact will have a higher likelihood of success.  

We encourage interested parties to prepare materials required for the application in advance of the opening date. We are available to assist you with questions on the application process.

More information about the program can be found on the Commonwealth’s website about the RACP program HERE.

Questions? Contact us!

Peter Silow
Vice President of Conduit Services
Email:  
Call: 215.496.8193

Explore Categories