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