Government Capital Corporation

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Economic Development

KAUFMAN ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES LAND ACQUISITION

Kaufman, Texas (November 2023) – The Kaufman Economic Development Corporation (Kaufman EDC) announces the acquisition of 105 acres of land from the Trinity Valley Community College Foundation. The size of the property along with an adjacent 40 acres will allow the Kaufman EDC to market it for mid- to large-scale industrial projects which will lead to job creation and an increased tax base in the City of Kaufman. Financing for the land acquisition was provided by Government Capital Corporation, Southlake, TX.

“Partnering with Government Capital on this project simply made sense for us,” stated Stewart McGregor, Executive Director, Kaufman EDC. “We looked at our options, and Gov Cap provided the greatest efficiency and flexibility in structuring our financing. Their team is extremely knowledgeable, and their expertise was evident throughout the project.”

“I would like to congratulate Stewart McGregor and the Kaufman EDC on their land acquisition and the work and dedication they put into this project,” stated Stephanie Cates, Senior Vice President, Government Capital Corporation. “Government Capital takes great pride in partnering with Texas Economic Development Corporations and supporting Texas communities.”

About Kaufman Economic Development Corporation

Kaufman County is the nation’s fastest-growing county. Kaufman EDC’s mission is to make the City of Kaufman one of the most economically prosperous suburbs of Dallas and one of the best places for business in North Texas. The Kaufman EDC is a ¼-cent Type A economic development corporation created by the citizens of Kaufman in 1994. To learn more about Kaufman EDC, visit kaufmanedc.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 $5.8 billion in Texas and across the country. For more information, visit www.govcap.com

BRIDGEPORT ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES REAL ESTATE ACQUISITION

Bridgeport, Texas (October 2023) – The Bridgeport Economic Development Corporation (Bridgeport EDC) announces the acquisition of two parcels of land. One site is adjacent to the EDC’s current industrial park, Endeavor Bridgeport, and will be used for further industrial development. The other site sits beside the City of Bridgeport’s water treatment facility and provides space to expand the facility as well as other city departments. “The City of Bridgeport appreciates BEDC for the shared vision that we have for our town and the partnership and teamwork that makes it a reality,” stated Mike Murray, City Manager, City of Bridgeport. Planning for the sites will begin this fall. Financing for the acquisition was provided by Government Capital Corporation, Southlake, TX.

“Bridgeport EDC is proud to expand Endeavor Bridgeport for future industrial development and to have the opportunity to partner with the City of Bridgeport to expand infrastructure for commercial and residential services,” stated Leah Clark, Executive Director, Bridgeport EDC. “We are thankful for Government Capital’s part in making our project a reality. Their expertise in the unique challenges facing EDCs was extremely valuable to us.”

“I would like to congratulate Leah Clark and the Bridgeport EDC on this acquisition and applaud them for the important work they have accomplished for the improvement and growth of the City of Bridgeport,” stated Matt Sullivan, Municipal Finance Specialist, Government Capital Corporation. “Government Capital is proud to partner with Texas Economic Development Corporations and support Texas communities.”

About Bridgeport Economic Development Corporation

The Bridgeport Economic Development Corporation coordinates economic assistance and incentive agreements for business entities seeking to expand or relocate to Bridgeport. The Bridgeport EDC encourages the entrepreneurial spirit and pursues economic development through “4A” eligible projects. To learn more about the Bridgeport EDC, visit www.bridgeportedc.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 $5.8 billion in Texas and across the country. For more information, visit www.govcap.com

EARLY MUNICIPAL DEVELOPMENT DISTRICT ACQUIRES NEW RETAIL SITE

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

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

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

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