Friday, January 10, 2014

LTSP awarded $750,000 Economic Growth Initiative grant

The Lutheran Theological Seminary at Philadelphia (LTSP) has been awarded a $750,000 Economic Growth Initiative grant by the Commonwealth of Pennsylvania. The award was one of 58 announced on December 23 by Pennsylvania Governor Tom Corbett. "The Economic Growth Initiatives are energizing local economies around our state," said Corbett in announcing the grants. "Jobs are being created through these projects."
Architect's rendering of the LTSP Library Connector
Architect's rendering of the Library Connector
LTSP President Philip Krey thanked the governor and others who worked on the seminary's request, noting the highly competitive nature of the initiative. "The Economic Growth Initiative grant will go toward connecting the Krauth Memorial Library and The Brossman Center, along with other capital projects on campus. We are most grateful for the governor's confidence in the seminary."
According to the governor's release announcing the current round of awards, Economic Growth Initiative projects are selected based upon their job-creation potential and their economic impact, as well as their viability and construction readiness.

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