Sturgis Charter Public School
Sturgis Charter Public School is a college preparatory International Baccalaureate high school serving Cape Cod. Ranked #1 in the state and #15 nationally, Sturgis needed financing to build a second facility to meet growing student demand but could not get more help from its bank alone. MassDevelopment’s financing included a $6 million qualified school construction bond, a $1.75 million tax-exempt bond, and a $2 million taxable bond. And because of our Charter School Guarantee Program, we could guarantee the bank loan. Our financing solution is allowing Sturgis to expand its campus while limiting the bank’s exposure. More than 50 jobs will be created, and 400 more Cape Cod students will have an opportunity to come to this nationally-ranked school.