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MassDevelopment bond finances Guild of St. Agnes expansion
MassDevelopment has issued a $1.5 million tax-exempt bond on behalf of The Guild of St. Agnes of Worcester, a nonprofit early education and care agency serving Worcester County. The agency is using bond proceeds to buy a 19,600-square-foot child care center from MAPFRE Insurance Company at 58 Bigelow Road, Webster.
The Guild has been a tenant in the MAPFRE building since 2012, where it has operated a childcare center that serves 160 children ages four months to five years. People’s United Bank purchased the bond.
“The Guild of St. Agnes provides quality affordable childcare and education to hundreds of families in the Worcester area,” said MassDevelopment President and CEO Marty Jones. “We are pleased to support the agency’s growth as it continues to provide students and families with a safe and loving environment in which children can grow, learn, and play.”
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