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 ACQUIRES NEW RETAIL SITE

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Early MDD logoEarly, Texas (August 2023) – The Early Municipal Development District (Early MDD) has recently acquired 1.25 acres of land in the heart of its Retail Trade Area. The land is currently being cleared to make room for new construction of a restaurant or retail store. The Early MDD is looking forward to redeveloping this vital location and creating an opportunity for revenue for the city. Financing for the land was provided by Government Capital Corporation, Southlake, TX.

“Early MDD greatly appreciates having partnered with Government Capital for over 10 years,” stated Larry McConn, Director of Economic Development, Early MDD. “Gov Cap’s experience and expertise in the unique challenges facing municipal development districts is evident throughout the financing process.”

“I would like to congratulate Larry McConn and the Early MDD on this acquisition and applaud them for the hard work they have put in to grow the city of Early,” 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 3,129, 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 and its affiliates have successfully completed thousands of municipal financings exceeding $5.7 billion in Texas and across the country. For more information, visit www.govcap.com

SAN SABA EDC ANNOUNCES NEW WATER PARK

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San Saba, Texas (June 2023) – The San Saba Economic Development Corporation has begun work on a new splash pad. After closing the public swimming pool over five years ago due to foundation concerns, the City of San Saba had been looking for a budget-friendly replacement. The option of a splash pad won the community’s heart, and the project was given to the city’s Economic Development Corporation. The new park will be named after former city manager, Stan Weik, for his efforts toward making the splash pad a reality. The EDC anticipates breaking ground on the new project in August and plans to open the park in May 2024. Financing for the improvements was provided by Government Capital Corporation, Southlake, Texas and a partial grant through the Texas Parks and Wildlife Department.

“The San Saba EDC and the City of San Saba are extremely grateful for Government Capital,” says Scott Edmonson, EDC Director/City Manager, City of San Saba. “This project would not have been possible without their expertise in the unique challenges facing Texas economic development corporations.”

“I would like to congratulate Scott Edmonson, the San Saba EDC, and the City of San Saba on the new water park,” stated Stephanie Cates, Senior Vice President, Government Capital Corporation. “Government Capital is proud to partner with Texas Economic Development Corporations and support Texas communities.”

About San Saba Economic Development Corporation

The San Saba Economic Development Corporation is located in the City of San Saba at the top of the Texas Hill Country. The EDC serves a primary retail trade area with a population of over 8,600 residents and a secondary retail trade area with a population of over 50,000 residents. To learn more about San Saba EDC, visit www.sansabatexas.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com.

BIG LAKE EDC BREAKS GROUND ON SHOPPING CENTER

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Big Lake, Texas (March 2023) – Big Lake Economic Development Corporation has begun construction of a new retail shopping center. The “dream project” began several years ago, and thanks to Director Jimmy Barton’s leadership, the community is excited to see the dream become a reality. The shopping center will feature multiple retail establishments, including a national-chain anchor store, and is set to open by Christmas of 2023. Financing for this project was provided by Government Capital Corporation, Southlake, Texas.

“Big Lake EDC is proud to have made this investment to support the economic growth of the City of Big Lake and Reagan County, and we’re thankful for Government Capital’s partnership in making it happen,” says Jimmy Barton, Director, Big Lake EDC. “We had a great experience with Government Capital, and the team provided constant communication throughout the process. We are grateful for their expertise in the unique challenges facing Texas economic development corporations.”

“I would like to congratulate Jimmy Barton and Big Lake EDC on their work and foresight on this project,” stated Stephanie Cates, Vice President, Government Capital Corporation. “Government Capital is proud to partner with Texas Economic Development Corporations and support Texas communities.”

About Big Lake Economic Development Corporation

The Big Lake Economic Development Corporation was established in 1999 after the passage of a half-cent sales tax. The purpose of the EDC is to benefit the city of Big Lake with projects that promote new or expanded business enterprises. Big Lake EDC’s mission is to maintain a small-town atmosphere while promoting a positive environment for business growth and quality of life. To learn more about Big Lake EDC, visit www.biglakeedc.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 and its affiliates have successfully completed thousands of municipal financings exceeding $5 billion in Texas and across the country. For more information, visit www.govcap.com.

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