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Economic Development

Bay City CDC Celebrates Aquatic Center Groundbreaking

August 7, 2026

Bay City, TX (August 2026) – After years of careful planning, the Bay City Community Development Corporation, the City of Bay City, Matagorda County, and the YMCA celebrate the groundbreaking of their landmark aquatic center. The project came about through Wellness Matagorda, an organization started in Matagorda County to help residents live healthier lives. Wellness Matagorda first created a Wellness Dome through their partnership with the hospital, offering a gym and therapy space to residents, followed by a walking trail. The aquatics center was the final phase of the project, made possible by the public private partnership between Bay City CDC and the YMCA.

Located adjacent to the Bay City Civic Center, the Aquatic Center will provide the county’s first year-round public aquatics center, offering safe, accessible opportunities for recreation, fitness, competitive swimming, and lifesaving water safety education. The Aquatics Center will feature an indoor pool for year-round use, an outdoor recreation pool, and spaces designed to support swim instruction, aquatic fitness, and competitive athletics.

While the Center will provide valuable recreational opportunities, its primary purpose is to improve water safety and community wellness. As a coastal county, Matagorda County faces an ongoing need for accessible swim instruction and water safety education. Through YMCA programming, the Center will offer swim lessons, water safety education, lifeguard certification, and more.

Groundbreaking on the site took place July 20th followed swiftly by the start of construction. The outdoor sections of the Center are anticipated to be completed in the Summer of 2027, followed by completion of the indoor sections in the Fall of 2027. Financing for the project was provided by Government Capital Corporation, Southlake, Texas.

“We are incredibly grateful to Government Capital for their knowledge and expertise in financing for Texas community development corporations,” Melanie Townsend, Executive Director at Bay City CDC, shared. “Their partnership allowed us to make our vision a reality for our community.”

“I want to congratulate Melanie Townsend, Bay City CDC, and the communities of Bay City and Matagorda County on this landmark project,” Stephanie Cates, Senior Vice President at Government Capital Corporation, shared. “We take great pride in partnering with Texas development corporations and their private partners to provide funding to achieve their goals and objectives.”

About Bay City Community Development Corporation

Bay City, the county seat of Matagorda County, Texas, is situated just one hour from Houston and 20 miles from the Texas Gulf coast. The city covers 8.5 square miles and has a population of over 17,500 people. Bay City CDC’s mission is to create a welcoming, positive environment that encourages new and current businesses and their employees to invest in Bay City with human and financial capital. To learn more about Bay City CDC, visit baycitytxcdc.net.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.

Filed Under: Economic Development, Facilities, Press Releases Tagged With: development, Financing, groundbreaking, texas

Little Elm EDC Announces Cost-Saving Refinancing

March 17, 2026

Little Elm, TX (March 2026) – Little Elm Economic Development Corporation announces the refunding of a Tax-Exempt Sales Tax Note, Series 2021. The proceeds from the original note were used to fund the acquisition of a water treatment plant for the Town of Little Elm. However, the original note was approaching a significant rate reset.

The refinancing secured a more favorable long-term fixed interest rate and mitigated risk of a future rate change for the EDC. The structuring and delivery of the refinancing was provided by Government Capital Corporation, Southlake, Texas.

“Little Elm EDC has partnered with Government Capital on multiple projects since 2011,” Jennette Espinosa, Executive Director of Little Elm EDC, shared. “We know we can always count on their knowledge and expertise to provide the best financing option to fit our needs.”

“I want to congratulate Jennette Espinosa and the Little Elm EDC on this strategic refunding,” Kevin Lerner, Vice President at Government Capital Corporation, shared. “We take great pride in partnering with Texas economic development corporations to support them in achieving their goals for improving their communities.”

About Little Elm Economic Development Corporation

The Little Elm Economic Development Corporation is charged with attracting commercial businesses, exciting tourism opportunities, and new jobs to the Town of Little Elm. Their mission is to advance economic development in Little Elm while capitalizing on their lakeside, hometown charm and sense of community. To learn more about the Little Elm EDC, visit littleelmedc.com.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.

Filed Under: Economic Development, Press Releases, Refinancing

Anna Economic Development Corporation Announces Real Estate Acquisition

February 4, 2026

Anna, TX (February 2026) – Anna Economic Development Corporation announces the acquisition of land in the core downtown area. The land will be used to create a destination locale for the community featuring well-known restaurants as well as outdoor space for social gatherings, live music, and events. The EDC anticipates breaking ground in the spring of 2026 with an opening date in the first quarter of 2028. Financing for the acquisition was provided by Government Capital Corporation, Southlake, Texas.

“We would like to extend our sincere gratitude to Government Capital for their invaluable support throughout this process. Their partnership and funding abilities made this project possible,” Natasha Roach, Assistant Director of Economic Development at Anna EDC, shared.

“I want to congratulate Natasha Roach and the Anna EDC on this acquisition and development,” Matt Sullivan, Municipal Finance Specialist at Government Capital Corporation, shared. “We take great pride in partnering with Texas economic development corporations to support the achievement of their goals and objectives for the betterment of their communities.”

About Anna Economic Development Corporation

The City of Anna operates both A-type and B-type economic development corporations. The type A Economic Development Corporation supports industrial development projects for the city, and the type B Community Development Corporation enables quality of life improvements. To learn more about the Anna EDC/CDC, visit opportunityannatx.com.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.

Filed Under: Economic Development, Land, Press Releases

Seguin EDC Announces Site for New Texas State Technical College Campus

September 3, 2025

Seguin, TX (September 2025) – Seguin EDC has secured 133 acres along State Highway 46 for a new Texas State Technical College (TSTC) campus. This new campus will provide specialized workforce development to support local industry participants and allow for greater economic growth in the region.

The land for the new campus was acquired from a local landowner who wanted to ensure the site was used for the betterment of the community and looks forward to the TSTC expansion into Seguin. The multi-phase project is currently in the planning stages with Phase 1 expected to begin in the next three to five years. Phase 1 will include the construction of multiple facilities to provide over 300,000 square feet of teaching and training space.

As plans unfold, the City of Seguin has begun to see increased interest from housing and retail developers. Seguin EDC looks forward to partnering with a variety of developers to support the growth of the community as the new campus comes to fruition. Financing for the land acquisition was provided by Government Capital Corporation of Southlake, Texas.

“Seguin EDC is grateful to have partnered with Government Capital on this project,” stated Josh Schneuker, Executive Director, Seguin EDC. “The team helped us evaluate our options from a data-driven standpoint to determine which financing solution was the best route for us to take. We couldn’t have asked for a better funding partner.”

“I want to congratulate Josh Schneuker and Seguin EDC on their land acquisition and partnership with TSTC to bring greater economic growth and development to the City of Seguin,” commented Matt Sullivan, Municipal Finance Specialist, Government Capital Corporation. “We take great pride in partnering with Texas Economic Development Corporations to support the growth and enrichment of Texas communities.”

About Seguin EDC

Seguin EDC is the driving force behind economic growth and prosperity in the City of Seguin, Texas. As a Type A Economic Development Corporation, the EDC’s mission is to promote and enhance economic vitality in the City of Seguin with the primary goal of attracting and retaining businesses, facilitating job creation, and stimulating overall economic prosperity in the community. To learn more about Seguin EDC, visit www.seguinedc.com.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.

Filed Under: Economic Development, Land, Press Releases

HUBBARD EDC BREAKS GROUND ON PRIME BUSINESS SITE

June 14, 2024

Hubbard, Texas (June 2024) – The Hubbard Economic Development Corporation (Hubbard EDC) announces the beginning of a community revitalization project on a corner property in the city’s historic downtown. The corner site has been used for various pop-up shops and restaurants over the years and will now provide a permanent home to local businesses looking to grow or set up a storefront. Construction is anticipated to be completed by the end of this summer, and tenants are expected to begin moving in throughout the fall. Financing for the project was provided by Government Capital Corporation, Southlake, TX.

“We’re grateful to have partnered with Government Capital on this project,” stated Jason Patrick, City Manager, Hubbard EDC. “The team was very professional and supportive, and their expertise was evident throughout the financing process.”

“I would like to congratulate Jason Patrick and the Hubbard EDC on beginning this project and on the progress they’ve made in growing and improving the City of Hubbard,” stated Matt Sullivan, Municipal Finance Specialist, Government Capital Corporation. “Government Capital is proud to partner with Texas Economic Development Corporations to support and promote Texas communities.”

About Hubbard Economic Development Corporation

The Hubbard Economic Development Corporation (HEDC) is a 4B Corporation that was voted into existence by the Citizens of Hubbard on November 6th, 2001.  HEDC receives its funding through sales tax.  HEDC receives one-half of one percent of the City’s sales tax collected. To learn more about Hubbard EDC, visit www.hubbardcity.com.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $6 billion in Texas and across the country. For more information, visit www.govcap.com.

Filed Under: Economic Development, Facilities, Press Releases

PALESTINE ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES LAND ACQUISITION FOR INDUSTRIAL BUSINESS PARK

April 1, 2024

Palestine EDC logoPalestine, Texas (March 2024) – The Palestine Economic Development Corporation (Palestine EDC) announces the acquisition of 333 acres of land to be used for a rail-serviced industrial business park. The business park will be positioned adjacent to a Texas State Railroad Authority rail depot, allowing for easily accessible freight transit. The design phase of the rail infrastructure has begun, and the first phase of development, which will include 3,000 feet of rail, is anticipated to be completed by the end of 2025. Financing for the land acquisition was provided by Government Capital Corporation, Southlake, TX.

“This is Palestine EDC’s second time partnering with Government Capital, and we selected them for this project because of the excellent prior experience we had with them,” stated Christophe Trahan, Executive Director, Palestine EDC. “The team was very informative and knowledgeable throughout the financing process, and we’re grateful for their partnership in making this project a reality.”

“I would like to congratulate Christophe Trahan and the Palestine EDC on their land acquisition and applaud them for their work and foresight toward the growth and improvement of the City of Palestine,” stated Matt Sullivan, Municipal Finance Specialist, Government Capital Corporation. “Government Capital is proud to partner with Texas Economic Development Corporations to support and promote Texas communities.”

About Palestine Economic Development Corporation

The Palestine EDC operates as a Type B Texas economic development entity established under the Development Corporation Act of 1979. At present, the EDC relies on funding derived from a ¼ cent sales tax revenue. Palestine EDC’s mission is to promote and facilitate responsible commercial and industrial business retention and growth that expands, diversifies, and strengthens the local tax base while enhancing local amenities and destination attractions throughout the city of Palestine. To learn more about Palestine EDC, visit www.palestinetexas.net.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $6 billion in Texas and across the country. For more information, visit www.govcap.com

Filed Under: Economic Development, Land, Press Releases

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