Government Capital Corporation

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

Economic Development

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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DUMAS EDC BREAKS GROUND ON INFRASTRUCTURE IMPROVEMENTS

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 Dumas, TX (April 2022) – The Dumas Economic Development Corporation (DEDC) announces an infrastructure project for their industrial park as well as the refunding of a current debt obligation. The infrastructure project, which includes water, sewer, and drainage system improvements, has begun and is anticipated to be completed by fall of 2023. The refunding of two prior obligations, for land acquisition and economic development purposes provided for significant interest savings. Financing for the improvement project and the debt refunding was provided by Government Capital Corporation, Southlake, Texas.

“We were faced with three large projects at once and Government Capital Corporation’s broad municipal finance expertise and knowledge allowed us to both cover the matching requirement to install the needed infrastructure and reduce our annual debt service,” commented Mike Running, Executive Director, Dumas EDC. “This allows us to focus on the increased business development activity we are experiencing.”

“I would like to congratulate Mr. Running and the Dumas EDC for their work and foresight,” stated Jennifer Draper, Municipal Finance Specialist, Government Capital Corporation. “This is a great example of dedicated leaders diligently assessing and proactively acting on the needs of and opportunities for their community.”

About Dumas EDC

Dumas Economic Development Corporation is located in Moore County and was formed in 1999 to serve as the lead economic development agency for the City of Dumas and its immediate area. The primary goal of the Dumas EDC is to promote planned, diversified growth and the creation of new jobs, while maintaining the area’s quality of life. To learn more visit www.dumasedc.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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OAK RIDGE NORTH EDC ANNOUNCES IMPROVEMENT PROJECTS

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Oak Ridge North, Texas (February 2022) – The Oak Ridge North Economic Development Corporation (ORNEDC) has approved the construction of a new public works facility and various other citywide projects. The public works facility will provide approximately 20,000 square feet for the new public works facility and relocation of the police department. Other planned city projects include improvements of freshwater, wastewater, and drainage systems. In addition to the various infrastructure improvements, the project will also include park improvements including new play structures, benches, picnic tables, swings, and LED signage. The projects are scheduled to be completed over the next three years. Financing for all of the various improvements was provided by Government Capital Corporation, Southlake, Texas.

“Government Capital Corporation’s financing structure allowed the EDC the option for long-range planning of the various projects throughout the city,” commented Jordan Buras, Director, Oak Ridge North EDC. “Government Capital’s experience and knowledge in the unique financings structures available to Texas economic development entities was a great value to us.”

“I would like to congratulate Jordan Buras and the Oak Ridge North EDC on these various improvement projects,” stated Drew Whitington, Vice President, Government Capital Corporation. “This is a great example of leaders taking action to facilitate growth and provide more opportunities for their community.”

About Oak Ridge North EDC

Oak Ridge North is located in south Montgomery County and with quick access to all the amenities and resources of the greater Houston area. Oak Ridge North Economic Development Corporation is a citizen volunteer group appointed by the Oak Ridge North City Council. ORNEDC is a type B economic development corporation, and its main focus is to increase the quality of life for the community through richer job opportunities that come from commercial development, diverse options in retail, restaurant, and service providers, and investment in the community that will maintain the high standards our residents have enjoyed for years. To learn more, visit www.oakridgenorthedc.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 $4.8 billion in Texas and across the country. For more information, visit www.govcap.com

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CROSS ROADS MUNICIPAL DEVELOPMENT DISTRICT INVESTS IN TOWN

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Cross Roads, Texas (February 2022) – In the Cross Roads Vision 2035 survey conducted in 2021, community members clearly articulated their desire for diversity of restaurants, boutique services and shops, a local/organic focused grocery store, venue for public events, and a gathering place for the community – a Town Square/Town Centre.  In late December, the Cross Roads Municipal Development District (MDD) acquired approximately 2.42 acres at 1151 FM 424.  This is a strategic purchase of land adjacent to the Cross Roads Police Department giving the Town many options for the future.  The acquisition of this property in Cross Roads is a step towards potentially creating a community center or retail space that reflects the unique character of Cross Roads.  Financing for this project was provided by Government Capital Corporation, Southlake, Texas.

“The MDD is very proud to have made this investment in providing for the future of Cross Roads. We will carefully evaluate the highest use for this property to serve the residents of Cross Roads,” says John Knox, President of Cross Roads MDD. “Government Capital’s experience and expertise in the unique challenges facing economic development corporations was of great value to us.”

“I would like to congratulate John Knox and the Cross Roads MDD on their work and foresight on this acquisition,” stated Jennifer Draper, Municipal Finance Specialist, 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 Cross Roads Municipal Development District

In May of 2013, the Town Council of Cross Roads ordered an election for the creation of the Cross Roads MDD which was subsequently approved by the voters. The CRMDD collects one quarter of one percent of sales tax within the Town and its extraterritorial jurisdiction for the purpose of financing development projects beneficial to the District, including the purchase of property.

The mission of Cross Roads MDD is to continue to grow the tax base by attracting new business, creating a family-oriented, safe town environment while preserving the small-town country living, making the community a better place to do business, live and work.  Also, the District promotes the retention, and expansion of existing business for a sustainable economy leading to job creation. To learn more visit www.crossroadstx.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 municipal financings exceeding $4.8 billion in Texas and across the country. For more information, visit www.govcap.com

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LA FERIA INDUSTRIAL AND ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES THE CONSTRUCTION OF PUBLIC WORKS FACILITY AND INFRASTRUCTURE IMPROVEMENTS

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La Feria, Texas (October 2021) – The La Feria Industrial Development Corporation (LFIDC) and La Feria Economic Development Corporation (LFEDC) joined together in launching a new public works facility and infrastructure improvement project. The project will greatly enhance the future growth within the city and promote economic development.  With construction already underway, the anticipated completion is set for spring 2022. Financing was provided by Government Capital Corporation, Southlake, Texas.

“Government Capital Corporation was able to create a specific loan structure that allowed both of our entities to join together to complete a much needed project,” commented Juan Ortiz, Executive Director, La Feria Industrial Development Corporation. “Government Capital’s experience and expertise in the unique challenges facing economic development corporations was of tremendous value to us.”

“I would like to congratulate Mr. Ortiz and the La Feria IDC and EDC on the completion of their recent project,” stated Drew Whitington, Vice President, Government Capital Corporation. “This project will benefit the constituents of La Feria for many years.”

About La Feria Industrial Development Corporation and La Feria Economic Development Corporation

La Feria Industrial and Economic Development Corporation is located in La Feria, Texas and serves a population of more than 7,100 residents. The La Feria City Council adopted the Articles of Incorporation for the LFEDC and LFIDC following the approval of the voters, in 2009. To learn more visit www.cityoflaferia.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 $4.8 billion in Texas and across the country. For more information, visit www.govcap.com

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