BOWIE 4B SALES TAX CORPORATION AND NORTH CENTRAL TEXAS COLLEGE PARTNER TO BUILD NEW INDUSTRIAL TECHNOLOGY CENTER
BOWIE, TEXAS (JULY, 2017) – The Bowie 4B Sales Tax Corporation announced today their successful collaboration with North Central Texas College to build a new $2.9 million wing at the branch campus of North Central Texas College in Bowie.
The 8,750-square-foot Industrial Technology Center will be home to a welding and machining lab and also be the new location for the petroleum technology program. The new building will be located southeast of the present building on the NCTC Bowie Campus which originally opened in January of 2000 at 810 South Mill Street.
Government Capital Corporation was chosen to provide financing for $2.1 million of the project. Janis Crawley, Executive Director for the Bowie 4b Sales Tax Corporation and Economic Development Corporation, stated, “Government Capital made the process smooth. They walked me through each step of the process and responded quickly to our questions and needs so that the funding was completed very efficiently and quickly.”
About Bowie 4B Sales Tax Corporation
The City of Bowie adopted the 4B Sales Tax that is governed by the Texas Development Corporation Act of 1979 4B and subsequent amendments and regulations pertaining to the use of 4B economic development sales tax revenues. Bowie adopted the additional sales tax primarily for the purpose of building and maintaining the building site used for the Bowie campus of the North Central Texas College (NCTC). For more information: www.BowieTexasEDC.com
About North Central Texas College Bowie Campus
Based in an area that serves a largely rural population with socio-economic challenges, the North Central Texas College Bowie campus focuses to fill the need for higher education and skilled workforce training to provide a bright future for Montague County citizens. Their campus is committed in its continuous outreach to enhance the lives of rural Texans. For more information: www.nctc.edu/campuses/bowie.html
Government Capital Corporation is a leading public finance firm providing professional financial services to Sales Tax Corporations, schools 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: www.govcap.com , 800-883-1199.
Contact: Kevin Lerner, 817-722-0216, Kevin.Lerner@govcap.com
; Stephanie Cates, 817-722-0214, Stephanie.Cates@govcap.com