The Office of the Budget will begin accepting applications for the latest round of the Redevelopment Assistance Capital Program (RACP) beginning July 25. Applications will be due August 19. RACP grants are for the acquisition and construction of regional economic, cultural, civic, recreational, and historic improvement projects. These projects, requiring a 50% match, are authorized in the Capital Budget, must have a regional or multijurisdictional impact, and generate substantial increases or maintain current levels of employment, tax revenues, or other measures of economic activity. Click here to learn more.