MassDevelopment awards $1M Loan

MassDevelopment has issued a $1 million loan to the Worcester Community Action Council, Inc. (WCAC), an agency that offers a wide range of education, employment, and social service programs throughout 45 communities in Central Massachusetts. WCAC is currently in the process of converting the facility into classroom space for its Head Start program for South Central Worcester County. WCAC has received $1.7 million in federal and state grants for building renovations and has raised over $500,000 in capital campaign contributions for the project. The organization will use proceeds of the MassDevelopment loan to complete the proposed renovations and improvements. Read the full story here.