Education

Bond Finances St. Agnes Expansion

The Guild of St. Agnes childcare center

Worcester, MA – 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 19,600sf childcare center from MAPFRE Insurance Company, where the guild has been a tenant since 2012.

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

People’s United Bank purchased the bond.