Florence School District awarded QZAB funds

Sarah Giddings

The School District of Florence county stands to save approximately $230,000 due to an interest-free loan recently received through the federal Qualified Zone Academy Bonds (QZAB) program. The district will be able to borrow $720,000 in QZAB funds to use toward the $14.5 million referendum-approved building renovation project.

Superintendent Ben Niehaus credits the community for helping the district to be able to submit a solid funding proposal. QZAB requires a 10 percent match, and the community stepped up to the challenge.

ā€œIā€™d like to thank everybody that offered to contribute to the match. We received a lot of commitments for volunteer hours over the next five years, as well as other donations of money and items,ā€ said Niehaus. The contributions from Florence County residents as well as industry partners across the border added up to over $72,000.

For the full story, see this week’s issue of The Florence Mining News.