Capital One Unveils New Riverfront HBCU Building

March 2, 2022

DE Governor, Congressional Delegation, celebrate Capital One’s expanded partnership with Delaware State University

WILMINGTON, Del. / February 25, 2022 / Today, the Delaware Congressional Delegation joined Delaware State University trustees, faculty, staff, and students as well as Delaware Governor John Carney, Wilmington Mayor Mike Purzycki, and other civic leaders at an event unveiling Delaware State University Riverfront, a $4.7MM facility donated by Capital One to the University last summer.

In remarks at the event, U.S. Senator Chris Coons (D-DE), U.S. Senator Tom Carper (D-DE), U.S. Representative Lisa Blunt Rochester (D-DE), Governor John Carney, Wilmington Mayor Mike Purzycki, and other leaders highlighted the partnership between Capital One and Delaware State University as an example of the critical role public-private partnerships play in strengthening HBCU infrastructure and expanding career pathways for HBCU graduates. Both Capital One and the University are strong advocates for the passage of the IGNITE HBCU Excellence Act, bipartisan federal legislation that proposes to make historic federal investments in HBCUs and strengthen public-private partnerships to enhance and grow these institutions. The bill is co-sponsored by: U.S. Senators Chris Coons (D-Del.) and Tim Scott (R-S.C.), U.S. Representatives Alma Adams (D-N.C.) and French Hill (R-Ark.), and 175 other Members of U.S. Congress.

Public-private partnerships are essential to strengthening and sustaining HBCUs, and it is a true honor for Capital One to be able to contribute to the ongoing legacy and impact of Delaware’s only HBCU by investing in its students and infrastructure. HBCUs are engines of opportunity and our partnership with Delaware State is a natural extension of Capital One’s commitment to advancing a more inclusive and equitable economy, said Andy Navarrete, Executive Vice President, Head of External Affairs at Capital One.

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