MassDevelopment

Argosy Collegiate Charter School Expands with MassDevelopment Financing

May 15, 2017


FOR IMMEDIATE RELEASE

Contacts:
​Meggie Quackenbush, MassDevelopment, 617-330-2011 & 857-208-2777 (cell)
mquackenbush@massdevelopment.com

Kristen Pavao, Argosy Collegiate Charter School, 774-451-7280
kpavao@argosycollegiate.org

Argosy Collegiate Charter SchoolMassDevelopment has provided a $3.56 million tax-exempt bond and a $935,000 charter school guarantee on behalf of the Argosy Collegiate Charter School Foundation, a nonprofit affiliate of Argosy Collegiate Charter School in Fall River. The School is using bond proceeds to buy the 34,836-square-foot building at 263 Hamlet Street in Fall River it has been leasing from Sherwood Companies LLC. Fall River Five Cent Savings Bank purchased the bond.

“Public charter schools are an important part of the Commonwealth’s education ecosystem, and these institutes of learning play particularly valuable roles in Gateway Cities like Fall River,” said MassDevelopment President and CEO Marty Jones. “MassDevelopment is proud to support Argosy Collegiate Charter School on its path to forge a strong, sustainable academic foundation for its students.”

Argosy Collegiate Charter School is a tuition-free, public charter school that provides students with the academic and character skills necessary for success in college, career, and life. The school’s philosophy is that every student can learn, grow, prosper, and have a positive impact within their families and communities.

“Our scholars, families, and staff are so fortunate to be able to use this beautiful space on Hamlet Street. Argosy Collegiate wouldn’t exist if it wasn’t for the support and generosity of so many individuals and organizations across the city and state,” said Kristen Pavao, Founder and Executive Director of Argosy Collegiate Charter School. “Our academic successes are built upon our DREAM Values – Determination, Respect, Excellence, Altruism, and Maturity. We DREAM big here at Argosy Collegiate because big dreams, along with an excellent education, are the winning combination to transforming the lives of our scholars, their families, and their community.”

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.