Higher Education Capital (HECap) Matching Grants Program

In 2005 the Legislature and Governor finalized a $150 million capital matching program for independent colleges and universities. Under this program, New York State will contribute a dollar of support for every three dollars spent by Independent Sector campuses. College and universities are natural partners in state efforts to generate economic development, foster urban renewal, and provide academic support. We are grateful to the Governor and Legislature in working with us to provide funding for this program. HECap allocations continue to spur economic development, create thousands of jobs across the state, and leverage the state's higher education institutions to sustain recent economic growth and expansion.

In 2014, CICU worked with Governor Cuomo and the Legislature to secure $30 million in new funding for the Higher Education Capital (HECap) Matching Grants Program. Since then, CICU has been able to secure a new $30 million allocation in each successive state budget. The Independent Sector has demonstrated its ability to be a strong partner with state government in creating jobs and stimulating economic activity.. For more information, click here.

KEY POINTS

  • HECap leverages private resources towards the development and construction of facilities needed to foster world-class education at private, not-for-profit colleges and universities.

  • These facilities attract students and talented faculty to remain in or come to New York State and are centerpieces of many local communities.  

  • For every dollar in state support, private colleges and universities must invest at least $3. All projects pay prevailing wages and employ minority and women-owned businesses.  

  • The HECap program has leveraged more than $1 billion in infrastructure spending across the state, creating more than 13,000 jobs in communities throughout New York, including over 6,000 construction jobs paying prevailing wage.

  • Since the program’s inception in 2005, the State has awarded $246.8 million and private colleges and universities have matched with more than $800 million. 

  • Private colleges and universities confer 60 percent of all bachelor and graduate degrees in the state, contribute $88.8 billion in economic impact, and employ more than 415,000 people.  

NEW YORK STATE BUDGET

2019-20: $30 million

2018-19: $30 million

2017-18: $30 million

2016-17: $30 million

2015-16: $30 million

2014-15: $30 million