Greenfield Center School Finances New School Building with MassDevelopment Bond
July 17, 2020
FOR IMMEDIATE RELEASE
Kelsey Schiller, MassDevelopment, 617-694-9695 (cell)
Isabel "Charlie" Spencer, Greenfield Center School, 413-695-9871
|Rendering of new building. Architecture by Banwell Architects.|
MassDevelopment has issued a $7,940,000 tax-exempt bond on behalf of Greenfield Center School, Inc., an independent day school in Greenfield serving students in preschool through eighth grade. The school will use bond proceeds to buy approximately 30 acres of land in Greenfield, on which it will demolish one of two existing buildings and build and equip a 23,678-square-foot school building in its place. Greenfield Center School will move from its current location at 71 Montague City Road onto the new campus once construction is complete, expected summer 2021. GSB Securities Corporation, an affiliate of Greenfield Savings Bank, purchased the bond.
“MassDevelopment is pleased to help finance a new home for Greenfield Center School,” said MassDevelopment President and CEO Lauren Liss. “This modern facility and surrounding campus will offer students an enhanced educational experience and plenty of space to explore, learn, and grow.”
Greenfield Center School was founded in 1981 under the umbrella of Northeast Foundation for Children (NEFC), with the organizations separating into two independent entities in 2001. Today, the school serves approximately 137 students from Massachusetts, New Hampshire, and Vermont, with a one-to-seven teacher-student ratio. Greenfield Center School identifies its educational programming as emergent, constructivist, social justice-oriented, child-centered, and nature-focused with an emphasis on hands-on learning and outdoor play.
"The educational landscape has changed forever,” said Greenfield Center School Head of School Charlie Spencer. “What a perfect time to respond by building our dream school.”
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, banks, and communities to stimulate economic growth. During FY2019, MassDevelopment financed or managed 316 projects generating investment of more than $2 billion in the Massachusetts economy. These projects are estimated to create or support 9,743 jobs and build or preserve 1,992 housing units.