MassDevelopment has provided a $400,000 loan to Rising Tide Charter Public School (RTCPS), a Plymouth charter school that previously served 310 students in fifth through eighth grades.
RTCPS added a ninth grade in September 2011 and said it plans to add the remaining high school classes over the next three years, increasing enrollment to 700 students. Loan proceeds will help the school’s expansion into its second leased facility on Armstrong Road. The school expects to create 24 jobs as a result of the project, and the loan was enhanced by a MassDevelopment charter school loan guarantee.
"MassDevelopment’s investment in RTCPS’s future will help the School prepare its new building for a college preparatory high school program," said MassDevelopment President and CEO Marty Jones. "Thanks to this financing, more students will have the option to attend RTCPS’s small classes and benefit from its focus on critical thinking."





