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Economic Development

PALESTINE EDC UPGRADES BROADBAND SERVICE

February 9, 2021 By Paige Locknane

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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Filed Under: Economic Development, Press Releases

COLEMAN EDC ANNOUNCES NEW SPORTS FIELDS

August 17, 2020 By GovCap

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.

Kim Little, Executive Director of Economic Development Corporation of Coleman stated, “This project is a public-private partnership between the Coleman Youth Sports Association, City of Coleman, Coleman EDC and private donors. The youth of Coleman County and the City of Coleman will have first-class fields and facilities. This project was streamlined with the expertise and experience of our financing partner, Government Capital Corporation,” stated Kim Little.

This project is an excellent example of community leaders working together in collaboration for the youth of Coleman. I want to congratulate Kim Little and the Coleman EDC Board for their foresight and leadership in the implementation of this important project with the upgraded sports facilities. The Coleman county youth and families will enjoy these facilities for many years,” stated Drew Whitington, Client Services Associate of Government Capital Corporation.

About Coleman Economic Development Corporation
Coleman EDC is a Type A Development Corporation authorized to undertake Type B projects located in North-Central Texas, 52 miles northwest of Abilene. The Coleman EDC is proud to develop business opportunities for the more than 5,000 citizens of the City of Coleman. For more information visit colemanedc.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 has successfully completed thousands of municipal financings exceeding $4 billion in Texas and across the country. For more information, visit govcap.com.

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Filed Under: Economic Development, Press Releases

GODLEY 4B ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES A PARK REHABILITATION PROJECT

September 17, 2019 By GovCap

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.

“The financing structure provided by Government Capital Corporation was cost effective and allowed our EDC to save costs associated with traditional real estate financings. Their experience and finance expertise were of tremendous value to our project over all.” stated David Wallis, Mayor of the City of Godley.

“We would like to congratulate Mayor David Wallis and the Godley Economic Development Corporation team on their hard work related to this project. We take great pride in being able to provide financings to enable our clients to better serve their communities,” commented Michelle Sanders, Government Capital Client Services Specialist.

About Godley 4B Economic Development Corporation

Godley Economic Development Corporation is a Type B Development Corporation located in Johnson County, only 30 miles southwest of downtown Fort Worth. Over 100 years old, the City of Godley has a long proud history of being known as a peaceful, close knit community, as well as being a great place to raise a family and educate your children. The current population is 1,009 but is increasing quickly with new subdivisions enabling the city to keep up with growing demand. With Chisholm Trail Parkway opening, this area continues to experience tremendous growth. For more information, visit godleytx.gov

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 project financings in Texas and across the nation. For more information, visit govcap.com.

 

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Filed Under: Economic Development, Press Releases

VAN EDC SAVES MONEY BY REFINANCING TEXAS LEVERAGE FUND LOAN

March 26, 2019 By GovCap

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.

Charles West, City Administrator commented, “Today’s financial market has municipalities searching for ways to reduce costs. The refinancing options provided by Government Capital Corporation saved money and allowed our Economic Development Corporation to convert a monthly floating rate loan to a fixed rate loan, thereby reducing our risk of future interest rate rises.”

Stephanie Cates, Client Services Vice President stated, “It was a pleasure working with Van Economic Development Corporation. We take great pride in assisting Texas Economic Development Corporations in meeting their objectives and project goals.”

About Van Economic Development Corporation
Van Economic Development Corporation is a Type B Development Corporation located an hour east of the DFW Metroplex along the I-20 corridor. With a population over 2,600, the City of Van is proud of their Mayberry-like character, offering a traditional down-home quality of life. For more information, visit vantx.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 has successfully completed thousands of project financings in Texas and across the nation. For more information, visit govcap.com.

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Filed Under: Economic Development, Press Releases

CITY OF GARDENDALE ORDERS NEW FIRE APPARATUS

August 29, 2018 By GovCap

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.

“Everyone I interacted with at Government Capital was courteous, knowledgeable, and responded to any questions I had promptly,” stated Melissa Honeycutt, City Clerk, City of Gardendale. “Their customer care was excellent and they follow up regularly allowing our transaction to close timely.”

Stan Hogeland, Gardendale Mayor added, “Thank you to both Government Capital Corporation and Sunbelt Fire for all of your assistance in helping us enhance public safety for those who live in and visit our city.”

D.C. Greer, Vice-President, Government Capital Corporation said, “Congratulations to the city and staff of the Gardendale Fire Department. The enhanced service reliability and functional capabilities of the new trucks should meet the needs of the area for many years. We take great pride in being able to provide financings which enable first responders to better serve their communities.”

About The City of Gardendale, Alabama
The city of Gardendale is located in Jefferson County, just north of Birmingham. Incorporated in 1955, the city has a population of approximately 13,000 with a land area of 57 square miles. Gardendale includes approximately 470 businesses, 5 public schools, 2 private schools and more than 25 churches within the city limits. Additionally, each April Gardendale hosts a Magnolia Festival that boasts 30,000 visitors to the City. For more information, visit cityofgardendale.com.

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to cities and all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Alabama and across the nation. For more information, visit govcap.com.

 

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Filed Under: Economic Development, Press Releases

MORGAN CITY SECURES AN ADVANCED METERING INFRASTRUCTURE SYSTEM

August 28, 2018 By GovCap

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.

“The 20 year fixed rate structure provided by GCC allowed the budget flexibility to facilitate the AMI project. The new system will enhance reporting efficiencies for the utility department.” stated Deborah Garber, Finance Director, City of Morgan City.

D.C. Greer, Vice President, Government Capital Corporation stated “The City worked diligently to provide payment parameters ‘up front’ allowing GCC to present a financing structure that best fit their budget. The 20 year fixed interest rate resolved the affordability issue and allowed them to move forward with their project.”

About The City of Morgan City, Louisiana

Morgan City is located in Eastern St. Mary Parish on the banks of the Atchafalaya River. With a population of approximately 13,000, Morgan City hosts the annual Louisiana Shrimp & Petroleum Festival held Labor Day weekends in the city’s historic district. For more information, visit cityofmc.com.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to cities and all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Louisiana and across the nation. For more information, visit govcap.com.

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Filed Under: Economic Development, Press Releases

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