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.