Tabor Academy Updates Campus with MassDevelopment Bond
August 30, 2016
FOR IMMEDIATE RELEASE
Meggie Quackenbush, MassDevelopment, 617-330-2011 & 857-208-2777 (cell)
Kerry Saltonstall, Tabor Academy, 508-291-8340
MassDevelopment has issued a $5 million tax-exempt bond on behalf of Tabor Academy, a college preparatory school in Marion. Tabor is using bond proceeds to upgrade student and faculty academic, athletic, artistic and housing facilities. Citizens Funding Corp. purchased the bond.
“MassDevelopment is pleased to work with Tabor Academy to help finance improvements to its campus that will ensure welcoming, positive residences for students and faculty,” said MassDevelopment President and CEO Marty Jones. “This project will allow Tabor to better serve its students in both their living and learning environments as they prepare for a bright future.”
Tabor Academy is a coeducational college preparatory boarding and day school in Marion. It enrolls students demonstrating academic ability, strong motivation, sound character, emotional stability and a willingness to participate fully in the school community. Tabor is founded on the belief that a healthy school community finds common ground while embracing differences and, therefore, accepts a racially, ethnically, religiously, economically, and internationally diverse student body. Tabor students are expected to respect one another and to care for their school.
“Tabor is pleased to have the opportunity to invest in student, faculty and academic facilities, infrastructure and technology, and to continue to improve the student experience at Tabor Academy,” said Chris Winslow, Tabor Academy Associate Head of School and Chief Financial Officer.
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.