By Lauren Santye
On Monday, Rider was awarded $4.6 million in funding for building renovations.
According to Vice President for Finance & Treasurer Julie Karns, of the $4.6 million that Rider was rewarded, $4.2 million is from the Building Our Future Bond Act grant program, and $355,000 from the Higher Education Technology Infrastructure (HETI) Fund.
The money that was awarded, along with money from donor gifts, is being used for the construction and equipping of Westminster’s Marion Buckelew Cullen Center.
“In order to apply for the grants, funds were required to be used for academic facilities, and colleges and universities needed to fund a 25% match from donors or other institutional funds,” Karns said The projects had to be “shovel ready,” including governmental approvals.
Among the schools awarded is The College of New Jersey (TCNJ). It submitted six applications for funding, in hopes to receive $41 million but was granted $57 million to help their Science, Technology, Engineering and Math program (STEM).
“Today we begin a new era of opportunity for New Jersey’s colleges and universities,” said Governor Chris Christie. “To keep more of our best students in the state and to make our colleges more attractive research partners for industries looking to bring good paying jobs and businesses here, we need modern facilities to remain competitive.”
In the next round of grant applications, Rider will be submitting again. Future grants would go to facilities improvements, including the façade of Moore Library.