Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Elms College

Elms College

Project at a Glance:
Development Type:
Project Type:
New construction
MHIC Financing:
$11,979,500 in NMTC financing
Elms College

Elms College, a small liberal arts college founded in 1928, will build a new Center for Natural & Health Sciences (CNHS). This school has a strong focus on health care, with 37% of its undergraduates studying nursing. Most of the students are from the immediate area. About 80% of the nursing students come from economically- or educationally-disadvantaged backgrounds.
Located at the heart of the campus, which is in a residential area near downtown Chicopee, the building will have five stories with 22,000 square feet of space. It will feature state-of-the-art classrooms and laboratories and research, clinical, and classroom space for existing programs in biology, chemistry, and nursing.
This NMTC project will yield multiple economic benefits. With the new CNHS, Elms College will be able to expand its programs and increase enrollment in the natural and health sciences fields of study by up to 40% within 5 years of project completion. The new education opportunities will prepare students for future laboratory-based employment and make them more competitive in their applications to graduate and professional schools. The construction and operations of the completed facility will significantly impact the local economy. One hundred seventy-two temporary jobs will be created during the next 18 months, and 24 permanent jobs will be added to the college's payroll in the next five years.