Treasurer Grossman and Katherine Craven Take Part in Ribbon Cutting Ceremony for the New Health and Life Sciences Wing at Shawsheen Valley Regional Vocational Technical High School

September 20, 2011

The MSBA is contributing up to $2.4 million towards the project

BOSTON, MA – State Treasurer Steven Grossman, Chairman of the Board of Directors of the Massachusetts School Building Authority (MSBA), and Katherine Craven, Executive Director of the MSBA, today took part in the ribbon cutting ceremony for the new Health and Life Science wing at Shawsheen Valley Regional Vocational Technical High School. The addition and renovation project includes a 14,000 square foot life sciences wing and an additional 2,000 square feet of lab and classroom space. The MSBA is reimbursing 55.73% of the approximately $4.6 million of eligible costs for the new vocational space.

“The MSBA’s investment in vocational technical schools is a commitment to strengthen the Massachusetts innovation economy,” said Treasurer Grossman. “By focusing on school facilities that educate and train a skilled workforce, we create new opportunities for countless young people and help them successfully transition into solid, good-paying jobs.”

“The MSBA has made a $300 million commitment to the renewal and repair of vocational technical schools,” stated Executive Director Katherine Craven. “With this new wing, Shawsheen students will receive valuable training to prepare them for highly-skilled jobs. The MSBA is proud to be part of this important educational and economic project.”

The MSBA strives to find the right-sized, most fiscally responsible and educationally appropriate solutions to create safe and sound learning environments. The MSBA reformed the Commonwealth’s formerly unsustainable school building program, which was more than $11 billion in debt.

Since its creation, the MSBA has made over $7.9 billion in reimbursements to cities, towns, and regional school districts for school construction projects. These timely payments have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.