Boys & Girls Club of Chicopee Gets New Teen Center

MassDevelopment issued a $1,532,000 tax-exempt bond to help Boys & Girls Club of Chicopee build and equip a teen center on the organization’s existing campus at 580 Meadow St. in Chicopee. The new 4,500-square-foot building will provide a permanent home for the teen center, which currently operates in a leased space off campus, and will offer safe, structured programming for teens to learn life, social, and workforce-readiness skills. The tax-exempt bond, purchased by PB Partners, Inc., an affiliate of PeoplesBank, helped Boys & Girls Club of Chicopee achieve a lower cost of capital.