Little Elm, TX (March 2026) – Little Elm Economic Development Corporation announces the refunding of a Tax-Exempt Sales Tax Note, Series 2021. The proceeds from the original note were used to fund the acquisition of a water treatment plant for the Town of Little Elm. However, the original note was approaching a significant rate reset.
The refinancing secured a more favorable long-term fixed interest rate and mitigated risk of a future rate change for the EDC. The structuring and delivery of the refinancing was provided by Government Capital Corporation, Southlake, Texas.
“Little Elm EDC has partnered with Government Capital on multiple projects since 2011,” Jennette Espinosa, Executive Director of Little Elm EDC, shared. “We know we can always count on their knowledge and expertise to provide the best financing option to fit our needs.”
“I want to congratulate Jennette Espinosa and the Little Elm EDC on this strategic refunding,” Kevin Lerner, Vice President at Government Capital Corporation, shared. “We take great pride in partnering with Texas economic development corporations to support them in achieving their goals for improving their communities.”
About Little Elm Economic Development Corporation
The Little Elm Economic Development Corporation is charged with attracting commercial businesses, exciting tourism opportunities, and new jobs to the Town of Little Elm. Their mission is to advance economic development in Little Elm while capitalizing on their lakeside, hometown charm and sense of community. To learn more about the Little Elm EDC, visit 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 and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.