About The Independent Colleges Capital Program (ICCAP)
The Independent Colleges Capital Program (ICCAP) was created in 2009 as part of the Illinois Jobs Now! capital program. ICCAP provides private not-for-profit colleges and universities in Illinois with financial assistance for capital projects (Public Act 96-37, Section 25). This multi-year grant program uses a distribution formula based entirely on the fall 2008 student enrollment numbers. The formula provides a base grant and an FTE (full-time equivalent) grant for each eligible institution. Institutions must certify the eligibility of the institution, the determination of credit hours using the methodology provided, and the use of funds only for eligible Capital Projects. Grant funds will be distributed as the proceeds of Build Illinois bond sales become available to the IBHE.
The process and forms for the Minority Business Enterprise (MBE) / Female Business Enterprise (FBE) goals pursuant to the Business Enterprise for Minorities, Females, and Persons with Disabilities Act [30 ILCS 575] are available. See below for the section on Business Enterprise Program (BEP).