Little Elm Economic Development Corporation
Partners with Texas First Rentals
Little Elm, Texas (August 22, 2017) – Little Elm Economic Development Corporation (EDC) announced the addition of Texas First Rentals to the Town of Little Elm. Texas First Rentals is the nationwide rental division of HOLT CAT (www.texasfirstrentals.com) and is anticipating an opening date of April, 2018.
The approximately 10,000 square foot building to be occupied by Texas First Rentals will include 3,000 square feet of sales offices and 7,000 square feet of service shop and retail space. The facility will be located on 10.3 acres east of Holt drive on U.S. Highway 380. Texas First Rentals’ partnership with Little Elm EDC will create 30 jobs and increase sales tax revenue for the city.
Government Capital Corporation based in Southlake, Texas, was chosen to finance the $3 million project. At the end of the 25 year financing term, ownership of the building will pass to Texas First Rentals.
Jennette Killingsworth-Espinosa, Executive Director of Little Elm EDC stated, “This project would not have been possible without the expertise and experience of our financing partner, Government Capital Corporation. We have completed multiple projects together and I highly recommend Government Capital Corporation to all Texas EDCs.”
“Congratulations to Mrs. Killingsworth-Espinosa and the team at Little Elm EDC for their foresight and ingenuity to create such a unique structure that provides a win-win for both Texas First Rentals and Little Elm for years to come,” said Kevin Lerner, Senior Vice President of Government Capital.
About Little Elm Economic Development Corporation
Little Elm Economic Development Corporation is located in Little Elm, Texas, in Denton county and serves approximately 35,000 residents in the city with more shoreline than any other in North Texas. The EDC participates in four Tax Increment Reinvestment Zones for financing public improvements, as well as a Town Center Development branded as the Lakefront, offering new opportunities for retail and mixed use developers. For more information: www.littleelmedc.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, www.govcap.com
