Thirty-nine colleges and universities across New York will be getting more than $67 million in grants for capital projects, Gov. Andrew M. Cuomo‘s office recently announced.
Funding comes from the Higher Education Capital Matching Grant Program and awarded by the HECap Board, which provides matching grants to private, not-for-profit colleges and universities for projects creating construction jobs and drive investment in communities across the state, according to LongIsland.com.
the Higher Education Capital Matching Grant Program has enabled campuses across the state to make critical investments in their infrastructure and equipment while creating construction jobs.
Campuses that receive grants must invest at least $3 of their own funds for every $1 of state funds received. Campuses are also required to pay construction workers prevailing wages on projects funded by these grants. The HECap Board approved $67,128,101 awarded to the 39 projects at a June 27 board meeting.