$6M Helps Square One Rebuild Early-Education Center

Springfield Day Nursery Corporation, which does business as Square One, is using a $6 million tax-exempt bond issued by MassDevelopment to buy a 1.53-acre parcel at 947 Main St. in Springfield where it will build a 26,000-square-foot early-education center. The new building will be situated at the site of the organization’s former long-time location that was destroyed by a tornado in 2011. It will feature four early learning classrooms – including one room for 24-hour care – workforce development programming for families, early childhood mental health services, family support programs, and administrative offices. The tax-exempt bond, purchased by PB Partners, Inc., an affiliate of PeoplesBank, helped Square One achieve a lower cost of capital.