Albright College and Alvernia University will receive a combined $5 million in state grant funding.
Alvernia will get $4 million to assist with its Reading CollegeTowne initiative, which will see the school open a downtown Reading Campus.
Albright will receive $1 million to renovate its Gingrich Library.
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The money is being provided through the Pennsylvania Redevelopment Assistance Capital Program. The program is administered through the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational and historical improvement projects.
The local grant recipients were announced Wednesday by state Sen. Judy Schwank, an advocate for both projects.
HARRISBURG, Pa. - Pennsylvania has given a big boost to Alvernia University s new campus in downtown Reading.
The state s redevelopment assistance capital program has awarded the university $4 million for its CollegeTowne initiative at Fourth and Penn streets. These funds are an incredible boost for downtown Reading and our efforts to revitalize Penn Street, said Berks County state Sen. Judy Schwank. I am beyond pleased to see Alvernia making such a bold move to locate part of their campus in downtown Reading. I m equally grateful to Gov. Tom Wolf who has been so supportive of the economic development projects in the city.