Government Capital Corporation

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

Infastructure

DUMAS EDC BREAKS GROUND ON INFRASTRUCTURE IMPROVEMENTS

By

 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

###

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

By

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

###

TOWN OF WHITE CASTLE UPGRADES WATER METERS

By

The Town of White Castle, LA (September 2020) – The Town of White Castle announces the upgrade of 750 water meters and the related Automatic Meter Infrastructure. The installation was completed in early July 2020.  “This upgrade will allow meters to be read and monitored from a central location,” stated John Morris III, Mayor. “The result is the utility will operate more efficiently while improving service to our customers.”  Core & Main provided the metering solution including project design and installation.  Government Capital Corporation, Southlake, Texas provided the financing for the project.

“Government Capital’s expertise and experience was a great value to our project,” stated John Morris III.  “Their knowledge of public sector financing greatly streamlined the project.”

“I want to congratulate Mayor Morris and the Town Alderman for their foresight and leadership with the upgraded water meters and AMI,” stated Marti Sauls, Client Services, Government Capital Corporation. “This investment will benefit the Town of White Castle for many years.”

About the Town of White Castle
The Town of White Castle is in southeastern Iberville Parish on the south bank of the Mississippi River. White Castle is home to the Cora Texas Sugar Mill, one of the largest sugar mills in the United States. Alongside Cora Texas Sugar Mill, Nottoway Plantation and Resort are the two main economic forces in the town. https://whitecastle.us/home

About Government Capital Corporation
Government Capital Corporation is an endorsed financing partner of LaMATS and is a leading public finance firm providing professional financial services to municipalities, parishes, fire districts, schools and other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4 billion in Louisiana and across the country. For more information, visit www.govcap.com.

###

Fairfield Economic Development Corporation Announces Plans for Industrial Park

By

Fairfield, Texas (April 2018) – The Fairfield Economic Development Corporation announced plans for the development of a $2 million industrial park infrastructure project located in Fairfield, Texas just off Interstate 45. KSA Engineering, Inc., from Lufkin, Texas will provide the professional services. The project improvements are to include 1,650’ of new street, 12” water lines, 8” sewer, new sanitary sewer lift station, 6”natural gas, three-phase power and telecommunications. Construction is scheduled to start within the near future and once completed will provide 110 acres of shovel ready land for development.

Fairfield EDC chose Government Capital Corporation to provide financing for $1.5 million of the project in the form of a 15 year term loan secured by the EDC’s sales tax revenue. David Fowler, President for the Fairfield EDC stated “Government Capital had the best competitive rates and terms for our project. Their customer service and expertise are second to none.”

“This is a great example of dedicated leaders being responsible with their resources and diligently assessing the needs of the growing area. It was my pleasure to work alongside this great team.” stated Michelle Sanders, Client Manager at Government Capital Corporation. “I would like to congratulate Mr. Fowler and the Board for their work and foresight.”

About Fairfield Economic Development Corporation
The Fairfield Economic Development Corporation (FEDC), is a non-profit, Type A, economic development corporation whose mission is to promote, assist and enhance economic development opportunities in Fairfield, Texas. Our company is funded by a portion of the sales tax receipts from the City of Fairfield. FEDC’s primary focus is on employers that sell a majority of their products and services to markets outside our regional economy. An economic growth factor is realized by the City of Fairfield’s retail and services sectors. For more information: fairfieldtx.com

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Economic Development Corporations and all other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the country. For more information: 800-883-1199 or govcap.com

 

###