Andover Townsman, Andover, MA

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July 25, 2013

Tax-exempt bond issued for YMCA expansion

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Established in 1880, the Merrimack Valley Y has 30,000 members, including more than 8,000 served in Andover.

“The Merrimack Valley YMCA is proud to be working with MassDevelopment and Enterprise Bank, as well as our donors, to make this investment in the future of our YMCA in Andover,” Ives said in the release.

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofit groups, financial institutions and communities to stimulate economic growth across the commonwealth. During fiscal year 2012, MassDevelopment financed or managed 280 projects generating investment of more than $2.3 billion in the Massachusetts economy.

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