Keuka College is getting some financial help to purchase some educational technology equipment. The Keuka Park campus will receive $101,000 through the Higher Education Capital Matching Grant Program. The funding supports projects that provide construction and renovation of new laboratory and research spaces, the purchase of new instructional technologies and equipment, and many other significant investments.
Campuses that receive grants are required to invest at least $3 of their funds for every $1 of state funds they receive. When combined with the college’s matching funds into these projects, this round of funding will result in $152 million being invested in New York’s higher educational communities.
The funds were awarded at the June 26 meeting of the HECap Board pursuant to 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. DASNY acts as staff to the HECap Board and administers the program. A full list of projects awarded funding is available on the DASNY website.
Since HECap’s inception in 2005, the State of New York has awarded $368.1 million in funding to 307 projects at colleges and universities across New York State. These awards have resulted in a total of $1.10 billion of investments since the beginning of the program.
The HECap Program awards matching capital grants to colleges for the design, acquisition, construction, reconstruction, rehabilitation or equipping of a facility on or near a college campus within the state, including critical academic facilities, economic development and/or high technology projects and urban renewal and/or historical preservation projects that would enhance the programmatic offerings or the student life at the college or provide economic development benefits to the area surrounding such college campus.
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