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MassDevelopment has issued a $6 million tax-exempt bond on behalf of Square One (Springfield Day Nursery), to help the organization buy a 1.53-acre parcel at 947 Main St. in Springfield where it will build a 26,000-square-foot early-education center. The new building will be situated at the site of the organization’s former long-time location that was destroyed by a tornado in 2011. It will feature four early learning classrooms – including one room for 24-hour care – workforce development programming for families, early childhood mental health services, family support programs, and administrative offices. Construction began in June 2024 and is expected to be completed in spring 2025. The tax-exempt bond, purchased by PB Partners, Inc., an affiliate of PeoplesBank, helped Square One achieve a lower cost of capital. The project is also being supported by funding from new market tax credits, state and city grant awards, and a capital campaign. bit.ly/4dUcyCf

$6M Helps Square One Rebuild Early-Education Center

$6M Helps Square One Rebuild Early-Education Center

massdevelopment.com

Francis (Frank) Connelly

Working part-time at Stop and Shop Supermarket in Feeding Hills.

2mo

Congrats Square One!

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