MassDevelopment has issued a $4.1 million tax-exempt bond to Cerebral Palsy of Massachusetts Inc.
The nonprofit used bond proceeds to buy a five-acre parcel of land in Stoughton with a 55,000-square-foot, three-story commercial building and acquire new equipment and furnishings.
Renovations will include new interior walls, wiring upgrades and a back-up generator and power source. The project is expected to create 10 office jobs and 11 construction jobs. Eastern Bank purchased the bond.
The building will provide additional space for Cerebral Palsy of Massachusetts’ administrative, support and program staff and will consolidate the organization’s Quincy and Taunton offices.
"Having the resources of Cerebral Palsy of Massachusetts in one location will allow the organization to focus more funds on programs that individuals with disabilities can more easily access," MassDevelopment President and CEO Marty Jones said in a statement. "This tax-exempt bond will help secure the future of a nonprofit that provides vital services to those who most need them."
