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Centerboard Inc. Buys, Renovates Headquarters With $1.1M MassDevelopment Bond

May 5, 2014 | Reprints | Unlock Link | Print

Centerboard Inc. is buying and renovating its Lynn headquarters with help from a $1.1 million MassDevelopment loan.

Centerboard Inc. is a nonprofit that works to revitalize Lynn through community-service programs. It is located at 16 City Hall Square and expects to create 20 jobs as a result of the project.

"Centerboard’s commitment to Lynn is leading rejuvenation efforts and creating jobs in this vital Gateway City," MassDevelopment President and CEO Marty Jones said in a statement. "We are pleased to provide Centerboard with this low-cost financing so the organization can buy its home, upgrade its facilities, and devote more resources to strengthening Lynn."

Commercial