Pennsylvania State Sen. Christine M. Tartaglione (D-Phila.) lauded the $7 million in funds for St. Christopher’s Hospital for Children and Fox Chase hospitals, which will allow the former to undertake a much-needed expansion while allowing the latter to make improvements to its cancer center.
St. Christopher’s, a 198-bed facility located in Philadelphia, is set to receive $3 million, while Fox Chase Cancer Center – an affiliate of the National Cancer Institute and located in Philadelphia’s Fox Chase section - will receive $4 million. The money originates from Pennsylvania’s Redevelopment Assistance Capital Program.
Tartaglione, Democratic Chair of the Labor and Industry Committee, said these grants will allow each hospital to better care for their growing number of patients.
“The Redevelopment Assistance Capital Program is designed to support the improvement of Pennsylvania’s economic, cultural, civic and historical projects, and these latest investments are important holiday gifts,” Tartaglione said. “These new investments not only will help to create jobs, but they will lead to a better quality of life as the people who receive care at St. Christopher’s and Fox Chase will benefit.”
According to the Philadelphia Industrial Development Corporation, he Redevelopment Assistance Capital Program grant program is managed by the Commonwealth of Pennsylvania’s Office of the Budget for economic development projects throughout the state. RACP grant awards are issued by the Commonwealth and passed through a municipality or a public authority. In Philadelphia, the Philadelphia Authority for Industrial Development serves as the applicant/grantee, and acts as an intermediary between the budget office and the project which ultimately receives the funds.
Recent administrative changes have introduced a competitive selection component to the RACP award process. First, a project must be listed in an enacted Capital Budget Act. Once a project is “shovel-ready,” the project sponsor may submit a Business Plan application to the budget office presenting the scope of work, project costs, documentation of other financing sufficient to complete the project, anticipated construction schedule and other relevant project and organizational information. The business office accepts project applications for a semi-annual funding round and all applications are reviewed by a selective multi-agency Committee. Awards are made twice a year, in April and October.
The minimum project cost is $1 million. The program requires that the project owner furnish match funding equal to or greater than the grant amount.
According to Tartaglione’s office, this pair of grants were part of a bigger group of 58 awards announced, which carried a total value of $133 million, and are expected to generate 45,000 jobs in Bucks County, Chester County, Delaware County and 21 other municipalities.