Government Capital Corporation

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

Municipal Development District

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

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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