NAVIGATION

May Institute Buys Randolph Building Thanks to $16M Bond Issued by MassDevelopment

12/9/10

MassDevelopment has issued a $16 million tax-exempt bond on behalf of May Institute in Randolph, a nonprofit that provides educational, rehabilitative, and behavioral health services to individuals with autism spectrum disorders and other developmental disabilities, brain injury, mental illness, and behavioral health needs. The organization plans to use bond proceeds to purchase 14 Pacella Park Drive in Randolph, which it currently uses for a day habilitation program and administrative offices.

“This low-cost financing will help May Institute purchase a facility that houses various operations, including its newest program for young adults with disabilities,” said MassDevelopment President and CEO Robert L. Culver. “We’re pleased to support an organization that does so much to help children, adolescents, and adults with challenges to reach their full potential.”

Founded by Dr. Jacques May and his wife, Marie Anne, on Cape Cod in 1955, May Institute has evolved into an award-winning national network that serves over 25,000 individuals and their families annually. Outside of its corporate headquarters in Randolph, the organization operates more than 200 service locations across the country. In addition to behavioral health, educational, and rehabilitative services, the Institute provides training and consultation services to professionals, organizations, and public school systems.

“This financing will enable us to further strengthen our infrastructure as we continue to expand operations to meet the needs of the communities we serve,” said Michael Milczarek, Chief Financial Officer at May Institute. “We are very grateful for the support of MassDevelopment and excited about the opportunities available to us as a result of this endeavor.”

MassDevelopment, the state’s finance and development authority, works with businesses, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2009, MassDevelopment financed or managed 229 projects statewide representing the investment of nearly $1.2 billion in the Massachusetts economy.

Media Contact, MassDevelopment:
Kelsey Abbruzzese
kabbruzzese@massdevelopment.com
616.330.2086, 617.448.9077

 

May Institute does not discriminate on the basis of race, color, religion, ancestry, national origin, age, physical or mental disability, sex/gender, gender identity, sexual orientation, military status, veteran status, genetic information, pregnancy, pregnancy-related conditions, marital status, socioeconomic status, homelessness, or any other category protected under applicable law in treatment or employment at the Institute, admission or access to the Institute, or any other aspect of the educational programs and activities that the Institute operates. The Institute is required by Title VI of the Civil Rights Act of 1964 (Title VI), Section 504 of the Rehabilitation Act of 1973 (Section 504), Title IX of the Education Amendments of 1972 (Title IX), the Age Discrimination Act of 1975 (Age Act), and their respective implementing regulations at 34 C.F.R. Parts 100, 104, 106 and 110, not to discriminate on the basis of race, color, or national origin (Title VI); disability (Section 504); sex (Title IX); or age (Age Act). Inquiries concerning the application of each of these statutes and their implementing regulations to the Institute may be referred to the U.S. Department of Education, Office for Civil Rights, at (617) 289-0111 or 5 Post Office Square, 8th Floor, Boston, MA 02109-3921, or to Terese Brennan - Compliance Officer, at 1-888-664-9870 or Compliance@mayinstitute.org or May Institute 14 Pacella Park Drive, Randolph, MA 02368.