Sturbridge nonprofit Venture Community Services has received a $2.76-million tax-exempt bond to open a new Dudley facility.
Issued by MassDevelopment and purchased by TD Bank, the bond will support the acquisition and renovation of a 19,130-square-foot building at 245 West Main St. in Dudley. The new site will allow Venture to expand its services for people with disabilities, MassDevelopment announced Wednesday.
The new site will grow the number of people receiving services, said Kerrie Mason, vice president of advancement and marketing at Venture Community Services.
Venture purchased the site for $2.6 million in December 2024, according to Town of Dudley property records. The one-story industrial building was built in 2010.
MassDevelopment and TD Bank previously worked to provide a $1.55-million bond in 2017 to support Venture’s day program facility in Uxbridge.
Venture was founded in 1975. The nonprofit aims to promote independence for people with disabilities through support programs, with locations in Dudley, Fitchburg, Gardner, Greenfield, Sturbridge, and Uxbridge.
The organization is the 15th largest human services nonprofit in Central Massachusetts, according to information provided to the WBJ Research Department, with $50.01 million in annual revenue and $36.98 million in assets.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
