Government Capital Corporation

Government Capital Corporatoin is a leading public finance firm offering its clients a broad range of financing solutions.

Economic Development

EARLY MUNICIPAL DEVELOPMENT DISTRICT ANNOUNCES LAND ACQUISITION

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Early, Texas (January 2023) – In 2022, the City of Early welcomed a new Petco location to its highest desired commercial corridor. As the Petco construction began, the Early Municipal Development District noticed a portion of the site on which Petco was constructing its new facility was going unused. Upon further discussions, Early MDD learned Petco was considering using the land for a dog park. However, unbeknownst to Petco, Early MDD already had a project underway building a dog park nearby at a new 30-acre park and recreational area.

After sharing the park plans with Petco, Early MDD reached an agreement with the developer to purchase the unused land to be used for further economic development.  “Purchasing this property is a win for both parties and is an excellent example of how the City of Early and Early MDD employ public-private partnerships for the good of all involved,” said Larry McConn, Director of Economic Development. Financing for this project was provided by Government Capital Corporation, Southlake, Texas.

“Early MDD is proud to have made this investment in providing for future economic growth for the City of Early,” says Larry McConn. “Having partnered with Government Capital previously, we were pleased to once again turn to them for their experience and expertise in the unique challenges facing municipal development districts.”

“I would like to congratulate Larry McConn and the Early MDD on their work and foresight on this acquisition,” stated Stephanie Cates, Vice President, Government Capital Corporation. “Government Capital is proud to partner with Texas Municipal Development Districts and support Texas communities.”

About Early Municipal Development District

The Early Municipal Development District was formed in May of 2016 by a vote by the citizens of Early, TX. The City of Early has a population of 2,776, and the MDD has a Retail Trade Area population of over 80,000. For more information on Early MDD and their Town Center project, visit www.earlytx.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com

WYLIE ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES PUBLIC INFRASTRUCTURE IMPROVEMENTS

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Wylie, TX (September 2022) – The Wylie Economic Development Corporation (WEDC) announces an infrastructure project intended to spur economic growth within the city of Wylie. This infrastructure project will unlock acreage and help promote development throughout the city. Once the project begins, the 544 Gateway Property as well as Hwy 78 & Brown will be the first locations to break ground. Financing was provided by Government Capital Corporation, Southlake, Texas.

“Government Capital Corporation’s broad understanding of the unique challenges facing economic development entities allowed us to begin a project which is greatly needed for the City of Wylie,” commented Jason Greiner, Executive Director, Wylie EDC. “It was a total pleasure to work with the professional and experienced team at Government Capital.”

“I would like to congratulate Jason Greiner and the Wylie EDC on this project,” stated Stephanie Cates, Senior Vice President, Government Capital Corporation. “This is a great example of leaders proactively acting on the improvements and opportunities for their community.”

About Wylie Economic Development Corporation

Wylie Economic Development Corporation is located in Collin County and only 24 miles away from downtown Dallas. Since the early 1990s, WEDC has worked diligently to increase local area employment opportunities, while also diversifying and strengthening the local tax base. Over the years, the WEDC has worked with the City of Wylie to become a catalyst for revitalization along our major thoroughfares. Some of the current efforts can be seen along FM 544 and Hwy 78. To learn more visit www.wylieedc.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com

Little Elm Economic Development Corporation Breaks Ground on Tinman Social Entertainment Venue

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Little Elm, Texas (June 2021) – The Little Elm Economic Development Corporation announces the groundbreaking of “Tinman Social.” This social entertainment venue is made possible through a Public-Private Partnership. The facility will include ping pong, cornhole, axe throwing, shuffleboard, bowling, and a full-service restaurant and bar with indoor and outdoor seating. The square footage will be 38,000 square feet and is anticipated to be completed by Spring 2022. Financing for the project was provided by Government Capital Corporation, Southlake, Texas.

“We have completed multiple projects with Government Capital Corporation over the past five years and we know we can always count on their experience,” stated Jennette Espinosa, Executive Director, “The finance structure Government Capital Corporation provided was a complete success for us.”

“We are always excited to work with Jennette and Little Elm EDC,” said Kevin Lerner, Senior Vice President of Government Capital Corporation. “This venue provides a win-win project for the Town of Little Elm. It not only provides entertainment for residents but, will also generate sales tax revenue for the Town.”

About Little Elm Economic Development Corporation

Little Elm Economic Development Corporation’s mission is to advance economic development in Little Elm by creating new commercial businesses, new tourism opportunities, and new jobs to Little Elm. The EDC partners with the Town to facilitate the vision and manage the progression of the Town Center development. To learn more visit www.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 has successfully completed thousands of municipal financings exceeding $4.5 billion in Texas and across the country. For more information, visit www.govcap.com

HITCHCOCK ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES LAND ACQUISITION

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Hitchcock, TX (October 2022) – The Hitchcock Economic Development Corporation (HEDC) announces the purchase of land which will be developed into new commercial opportunities, including both retail and restaurant space, for the city. Financing was provided by Government Capital Corporation, Southlake, Texas.

“The Hitchcock EDC is appreciative of Government Capital in assisting in the city’s downtown redevelopment efforts,” commented Tyler Robert, Executive Director, Hitchcock EDC. “Our hope is this project becomes a positive example for downtown redevelopment and small business growth for small communities similar to Hitchcock.”

“I would like to congratulate Tyler Robert and the Hitchcock EDC on this important acquisition,” stated Jana Jay, Municipal Finance Specialist, Government Capital Corporation. “It is an honor to assist economic development entities in meeting their goals and objectives.”

About Hitchcock Economic Development Corporation

The Hitchcock Economic Development Corporation’s mission is to create a positive business environment, expand development opportunities and support local businesses, while promoting community involvement for the City of Hitchcock. With over 200 businesses in the City of Hitchcock, it is important to the Hitchcock EDC to understand, support, and enhance the existing business in the city. To learn more visit www.hitchcockedc.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com

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BONHAM ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES ROAD IMPROVEMENTS

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Bonham, TX (July 2022) – The Bonham Economic Development Corporation (BEDCO) announces the approval of a roadway resurfacing project throughout the city. Many of the streets included in this project were resurfaced over 15 years ago. The project will begin in the fall and is anticipated to be completed in early 2023. Financing for this project was provided by Government Capital Corporation, Southlake, Texas.

“BEDCO has partnered with Government Capital since 2017 and found them to be exceptional.  Their depth of understanding regarding the unique challenges facing economic development corporations is invaluable in helping us meet our goals,” commented Gayle Cooper CEcD, Executive Director, Bonham Economic Development Corporation. “It was a total pleasure working with their knowledgeable and professional team.”

“I want to congratulate Ms. Cooper and the Bonham Economic Development Corporation on this project,” stated Drew Whitington, Vice President, Government Capital Corporation. “We take great pride in being able to assist Texas economic development entities meet their goals and objectives.”

About Bonham Economic Development Corporation

The Bonham Economic Development Corporation is a Type B Corporation, that works to foster the creation of a favorable climate for new and improved job opportunities by encouraging the development of business, industry, and commerce. BEDCO is committed to offering new businesses a foundation of economic growth with small town charm which, along with its quality of life, makes this a community of opportunity. To learn more visit www.cityofbonham.org

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 $5 billion in Texas and across the country. For more information, visit www.govcap.com

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FAIRFIELD ECONOMIC DEVELOPMENT CORPORATION REDUCES INTEREST COST

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Fairfield, TX (June 2022) – The Fairfield Economic Development Corporation (FEDC) announces the refinancing of a current debt obligation. The original note was used to provide infrastructure improvements to the city’s industrial park. The refunding provided for significant interest savings. Structuring for the debt refunding was provided by Government Capital Corporation, Southlake, Texas.

“The FEDC selected Government Capital Corporation in 2018 to provide financing for our industrial park project and it was a great success,” commented David Fowler, President, Fairfield Economic Development Corporation. “Utilizing Government Capital Corporation for our refinancing of the original loan, and we are very pleased with the outcome. Government Capital hit a home run for us 2 times now and we are glad we selected the right financial partner.”

“I would like to congratulate Mr. Fowler and the Fairfield Economic Development Corporation on this refunding,” stated Stephanie Cates, Vice President, Government Capital Corporation. “This is a great example of dedicated leaders looking towards the future to meet the goals and objectives of their citizens.”

About Fairfield Economic Development Corporation

Fairfield Economic Development Corporation is a non-profit, Type A, economic development corporation whose mission is to promote, assist, and enhance economic development opportunities in Fairfield, Texas. The FEDC is funded by a ½ of 1 percent sales and use tax collected in the City of Fairfield. To learn more visit www.fairfieldtx.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com

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