Palestine, Texas (February 2021) – The Palestine Economic Development Corporation announces the upgrade of fiber broadband service to the businesses and residents of Palestine. The improved high-speed internet and telephone project is scheduled to be completed summer 2021. Etex Communications, L.P., Gilmer, Texas provided the fiber optics for the project. Financing was provided by Government Capital Corporation, Southlake, Texas.
Lisa Denton, Executive Director of the Palestine Economic Development Corporation stated, “The EDC is excited to participate in this much-needed improvement to our communication and broadband capabilities, which will benefit the overall quality of life for our community, as well as promote continued business growth for the foreseeable future. Government Capital Corporation’s experience and expertise with economic development financing was a great value to our project.”
“I want to congratulate Lisa Denton and the Palestine EDC Board for their foresight and leadership in the implementation of this project”, commented Stephanie Cates, Government Capital Senior Vice President Client Services. “This project is an excellent example of the EDC Board and City working together in collaboration for the constituents. We take great pride assisting Texas municipalities meet their goals and objectives.”
About Palestine Economic Development Corporation
Palestine EDC is a Type B Development Corporation located in Anderson County in the Piney Woods of East Texas, equally distanced between Dallas and Houston. Palestine is a charming town that boasts more than 1,800 historic sites, the Texas State Railroad and Texas Dogwood Trails Celebration, and has a tradition of small-town hospitality. The Palestine EDC is proud to develop business opportunities for the more than 18,000 citizens of the City of Palestine. For more information 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 has successfully completed thousands of municipal financings exceeding $4 billion in Texas and across the country. For more information, visit www.govcap.com.
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COLEMAN, TEXAS (May 2020) – The Coleman Economic Development Corporation announced the construction of baseball, softball and t-ball fields, including parking for each field, located at 2916 5TH Avenue in Coleman, Texas. The new complex replaces sports fields which had served the community for fifty years. The project is scheduled to be completed Fall of 2020 with a Ribbon Cutting First Pitch ceremony. SW Architects was selected to provide the architectural design for the construction. Government Capital Corporation was selected as the most cost-effective financing solution for this project.
Godley, Texas (September 2019) – The Godley Economic Development Corporation of Godley, Texas announces the financing of a park rehabilitation project. The improvements to the Godley City Park located at 104 East Allen, will include a playground expansion, additional picnic tables and benches, a basketball court, bathroom facilities, as well as, sidewalks, lighting and irrigation. The project is estimated to be completed in November 2019. Government Capital Corporation was selected as the most cost- effective financing solution for the project.
Van, Texas (March 2019) – The Van Economic Development Corporation (VEDC) of Van, Texas announced the refinancing of a Texas Leverage Fund Loan, with Government Capital Corporation being selected as the financing partner for this transaction.
City of Gardendale, Alabama (August 2018) – The City of Gardendale, Alabama recently announced the order of two new fire trucks to improve services offered to the community. Working with Sunbelt Fire, Inc. of Fairhope, Alabama, the city was able to purchase an E-One custom pumper and a Sunbelt Fire LR12 light rescue Truck. Delivery of the rescue truck will be approximately four to six months, while delivery of the custom pumper is scheduled for the summer of 2019. The City of Gardendale selected Government Capital Corporation as the most cost effective financing partner for these purchases.
Morgan City, Louisiana (August 2018) – The City of Morgan City, Louisiana announces the purchase of a citywide Advanced Metering Infrastructure (AMI) system. The project will include radio read water meters, electric meters, gas meters and an innovative software solution. The AMI system is being designed and installed by Aqua Metric Sales. Installation is scheduled to begin in early September with an anticipated completion of February, 2019. The City of Morgan City selected Government Capital Corporation as the financing partner for their purchase.
