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Finance
Posted: August 12, 2016
MassDevelopment issues a $7 million tax-exempt bond for the Massachusetts Society for the Prevention of Cruelty to Animals
Boston, MA MassDevelopment has issued a $7 million tax-exempt bond on behalf of the Massachusetts Society for the Prevention of Cruelty to Animals (MSPCA). The MSPCA is using bond proceeds to renovate its 350 Huntington Ave. campus, including installing new lighting and windows, and updating mechanical and electrical systems. TD Bank purchased the bond.
350 Huntington Avenue - Boston, MA“This bond will allow the MSPCA to update its Boston home and better serve the many animals that receive care, love, and forever homes thanks to the organization’s efforts,” said MassDevelopment president and CEO Marty Jones. “We are pleased to lend a paw in this effort and support the MSPCA as it advocates for animals and those who care for them.”
“We are very grateful for MassDevelopment and TD Bank’s support in helping us to upgrade our home offices,” said Carter Luke, MSPCA president. “The MSPCA believes that energy efficiency and other ‘green efforts’ are some of the best ways for us to help animals and people.”
The MSPCA-Angell is a national and international leader in animal protection and veterinary medicine and provides direct hands-on care for thousands of animals each year. Founded in 1868, it is the second-oldest humane society in the United States.
Services include animal protection and adoption, advocacy, humane education, law enforcement, and world-class veterinary care. The MSPCA-Angell is a private, non-profit organization. It does not receive any government funding nor is it funded or operated by any national humane organization. The MSPCA-Angell relies solely on the support and contributions of individuals who care about animals. Visit www.mspca.org for more information.
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2015, MassDevelopment financed or managed 294 projects generating investment of more than $2.5 billion in the Massachusetts economy. These projects are projected to create about 6,100 jobs and build or rehabilitate about 2,000 residential units.
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