Government Capital Corporation

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

Press Releases

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

CITY OF FERRIS ACQUIRES NEW FIRE APPARATUSES

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Logo for the City of FerrisFerris, TX (December 2022) – The City of Ferris announces the acquisition of a new fire engine and a new brush truck. The new vehicles will be able to carry a combined 1,400 gallons of water and eight firefighters. “The addition of these vehicles will significantly bolster the response for the City of Ferris and our surrounding communities by allowing us to respond to multiple or simultaneous emergencies,” stated Fire Chief Brian Horton, “The new trucks will also serve as backup when other fleet vehicles are receiving scheduled maintenance. I want to extend a huge thank you to the Ferris City Council and the City of Ferris Administration for their forward thinking throughout the procurement process.” The trucks will be delivered by Siddons Martin in twenty-four months, and financing was provided by Government Capital Corporation in Southlake, Texas.

“Having partnered with Government Capital Corporation for over two decades, the city greatly appreciates GCC’s expertise and knowledge of the unique needs of Texas municipalities,” stated Suzanne Negron-Paez, Finance & Accounting Manager, City of Ferris. “It was a pleasure working with the experienced and professional team at Government Capital.”

“I want to congratulate Suzanne Negron-Paez, Chief Horton, and the City of Ferris on the acquisitions,” commented Stephanie Cates, Vice President, Government Capital Corporation. “We take great pride in assisting Texas cities in meeting their goals and objectives.”

About the City of Ferris

The City of Ferris is located in North Texas in the Dallas-Fort Worth Metroplex. Ferris was founded in 1874 and named after judge Justus Wesley Ferris of Waxahachie. The city is home to over 2,700 residents and is known as “The City that Bricked the World” thanks to its four brick plants which operated during the 1950s. Ferris hosts its Annual Brick Festival every April. To learn more, visit www.ferristexas.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com.

CITY OF GONZALES ACQUIRES NEW FIRE TRUCK

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Gonzales, TX (December 2022) – The City of Gonzales announces the acquisition of a new fire truck. The new vehicle is replacing an engine in the 10-vehicle fleet that has served the city since 2008. “Everyone’s really excited for the new engine,” stated Fire Chief Wade Zella of his 42-man crew. Chief Zella has served with the Gonzales Fire Department since 1998, working his way from volunteer to Chief. The fire truck will be delivered by Siddons Martin in 24 months, and financing was provided by Government Capital Corporation in Southlake, Texas.

“Having partnered with Government Capital Corporation for over 15 years, the city greatly appreciates GCC’s expertise and knowledge of the unique needs of Texas municipalities,” stated Tim Crow, City Manager, City of Gonzales. “It was a pleasure working with the experienced and professional team at Government Capital.”

“I want to congratulate City Manager Tim Crow, Chief Zella and the City of Gonzales on this acquisition,” commented Stephanie Cates, Vice President, Government Capital Corporation. “We take great pride assisting Texas cities in meeting their goals and objectives.”

About the City of Gonzales

The City of Gonzales is located in south central Texas near Palmetto State Park, east of San Antonio. Gonzales was established in 1825 and is the origin of the historic “Come and Take It” flag from the War for Texas Independence. Today, Gonzales is home to more than 7,000 residents and the Texas History Museum District – the first of its kind. To learn more visit www.gonzales.texas.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 $5 billion in Texas and across the country. For more information, visit www.govcap.com

WALKER COUNTY APPRAISAL DISTRICT ACQUIRES NEW FACILITY

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Huntsville, TX (December 2022) – The Walker County Appraisal District (Walker CAD) announces the acquisition of a new 14,000 square foot facility. The building represents a welcome upgrade for the growing district from its current 5,600 square foot office. The Walker CAD staff has officed in their current building since the early 1980s, so the team is excited for the upcoming move. The anticipated move-in date is February 2023 after the team completes their current tax cycle and finishes preparing the new space. The building was purchased from Sand-Spur Properties LTD, and financing was provided by Government Capital Corporation in Southlake, Texas.

“Government Capital was very instrumental in facilitating this acquisition. The unwavering support from our Board of Directors and unanimous approval from our jurisdictions confirmed what a great fit this property was, and Government Capital’s experience and expertise in working with our unique requirements is what allowed us to close the deal,” stated Stacey Poteete, Chief Appraiser, Walker CAD.

“I want to congratulate Stacey Poteete and Walker CAD on this acquisition,” commented Stephanie Cates, Vice President, Government Capital Corporation. “We take great pride in assisting Texas Appraisal Districts to meet their goals and objectives.”

About Walker County Appraisal District

Walker CAD is responsible for appraising all real and business personal property within Walker County. The Walker County Appraisal District offices are located in Huntsville, TX and serve over 75,000 residents in 11 jurisdictions. The City of Huntsville is home to Sam Houston State University and Walker County is home to the Sam Houston National Forrest. To learn more about Walker CAD visit walkercad.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.