Guild of St. Agnes Receives $1.5 Million Bond for New Child Care Center

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Wednesday, January 04, 2017

GoLocalWorcester News Team

MassDevelopment issued a $1.5 million tax-exempt bond on behalf of The Guild of St. Agnes of Worcester. The agency is using bond proceeds to buy a 19,600 square foot child care center from MAPFRE Insurance Company.

“The Guild of St. Agnes provides quality affordable childcare and education to hundreds of families in the Worcester area. 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,” said MassDevelopment President and CEO Marty Jones.

The Guild has been a tenant in the MAPFRE building since 2012, where it has operated a child care center which serves 160 children ages four months to five years old.

The Guild of St. Agnes

Founded in 1913, The Guild of St. Agnes’s goal is to provide families with quality, affordable, early childhood education and school-age programs in a safe, nurturing environment for children ages four weeks to 12 years. It operates nine childcare centers, 13 afterschool programs, and contracts with 115 home-based, licensed, family child care programs.

The Guild's child care centers are accredited by the National Association for the Education of Young Children, the gold standard for quality early childhood education.

MassDevelopment

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2016, MassDevelopment financed or managed 352 projects generating investment of more than $4 billion in the Massachusetts economy. These projects are projected to create about 8,200 jobs and build or rehabilitate about 4,200 residential units.