Midland Development Corporation
Recent News About Midland Development Corporation
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Texas leads US in job growth and export value
The Texas Economic Development Corporation (TxEDC) is highlighting the economic achievements of Texas, emphasizing its strong performance in several key areas. According to TxEDC, the state has experienced significant job growth and a robust economy.
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Midland Development Corporation approves resolutions advancing economic growth
The Midland Development Corporation (MDC) approved three resolutions aimed at advancing economic growth during a meeting on Sept. 9. These included an economic development agreement with Starfighters Space Texas LLC, a contract with KBR Inc. for commercial spaceport development services, and the purchase of 6.484 acres of land from Henderco LLC.
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Midland Development Corporation unveils redesigned website
Midland Development Corporation has announced the launch of its newly redesigned website, www.midlandtxedc.com. The updated site aims to offer a user-friendly interface while highlighting the unique qualities of Midland, Texas, and providing enhanced resources for businesses, residents, and prospective investors.
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Robots enhance safety at TxDOT job sites
Science fiction is quickly becoming reality in life, but it’s also just another day on the job site at TxDOT.
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Governor Abbott announces $4.3 million in grants for South Texas veteran services
Governor Greg Abbott announced today that 17 Fund for Veterans’ Assistance (FVA) grants, totaling over $4.3 million, have been awarded to 12 organizations in South Texas. This initiative is part of the Texas Veterans Commission’s (TVC) Grants Across Texas program. The funding will provide services to more than 3,400 veterans and their families across 27 counties in the FVA South Texas region.
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Local airports drive economic growth by generating revenue and supporting jobs
The airport in your community provides valuable services that are often overlooked. In addition to providing a runway, fuel, and a building, airports can be a hub of economic activity. It is an economic asset with the potential to produce revenue and services for the community.
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The evolving importance of downtowns in economic development
In the realm of economic development, the concept of a "downtown" has become a focal point for communities of all sizes. Far from being limited to major urban centers, downtowns play a significant role in fostering economic growth, cultural vibrancy, and community identity. For economic developers, understanding the significance of downtowns and implementing strategies to cultivate them can be a game-changer.
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Midland recognized as a top place to live in the Southwest by Livability
Midland was named one of the top 25 best places to live in the Southwest by Livability.com. Landing at number 20, the community is highlighted for its iconic skyline and its oil and aerospace industries. The affordable nature of Midland contributed to its inclusion on the list, making it a notable place to live, work, and raise a family.
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Emerging aerospace markets see surge in federal funding
The aerospace and defense (A&D) industry is experiencing a transformative period marked by significant shifts in federal funding towards emerging markets. This article examines the trends in federal funding, the rise of new A&D hubs, and the strategic considerations companies must navigate to capitalize on these opportunities.
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Local airports host community events to boost engagement and tourism
Local airports are increasingly becoming venues for community events, offering space, engaging activities, and convenient locations. These gatherings aim to highlight the economic impact of local airports and encourage community participation.
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Chevron announces headquarters relocation from California to Texas
Chevron Corporation will move its headquarters from San Ramon, California, to Houston before the end of the year, the company announced Friday.
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Midland Entrepreneurial Challenge returns for 2024-2025 season
The Midland Development Corporation Board of Directors approved an agreement with UT Permian Basin for the 2024-2025 Midland Entrepreneurial Challenge during the June board meeting. The Midland City Council approved the agreement later in July, giving the green light for another year of the MEC.
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GE Aerospace invests $54 million to expand 3D printing at Auburn plant
A decade ago, General Electric selected its engine parts plant in Auburn, Alabama, to lead a deeper plunge into the world of additive manufacturing. Today, 3D printers installed at the facility produce complex jet engine components from metal powders—a process more efficient than traditional manufacturing methods.
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Midland ranks top in best places to buy a home under $300,000
Midland recently ranked #1 in AOL's Best Places to Buy a Home Under $300,000. Midland continues to be a notable location for living, working, and recreation.
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Midland ranks #4 for high salaries and low costs of living
Midland, Texas ranked #4 in Motley Fool's list of cities where high salaries coincide with low costs of living. Despite inflation and other economic factors over the past several years, Midland has consistently remained below the national average for cost of living. Concurrently, Midland continues to rank #1 in the nation for household income and GDP.
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Focusing on guest lifetime value key to maximizing profits
In the current business landscape, repeat customers represent the most profitable segment for any company, be it a retailer, restaurant, or franchisor. The emphasis on customer retention is increasingly crucial as businesses face numerous options and fierce competition.
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Texas GDP on the world stage: Climbing global economic ranks
If Texas were a country, it would be the eighth-largest economy in the world, ahead of Canada and even Russia. In 2022, Texas’ gross domestic product (GDP) — the total market value of all finished goods and services — totaled $2.4 trillion. Texas keeps climbing the world economic ranks; only a decade ago, it was the 12th-largest economy.
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Strategies for economic development: Attracting foreign direct investment
Attracting international investment can seem daunting, especially for economic development organizations (EDOs) new to the endeavor or with limited staffing resources. However, successfully attracting foreign direct investment (FDI) to a locale typically provides generous returns. While FDI attraction presents a unique set of challenges, at its core, it works by the same principles as domestic business attraction.
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Texas sees significant economic and population growth over a decade
The Comptroller’s data analysts have recently updated regional reports, indicating a continued trend of strong economic and population growth in Texas. Some findings were unexpected, while others confirmed existing perceptions.
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MDC board updated on expanded transportation training at Midland College
In 2023, the Midland Development Corporation (MDC) Board of Directors approved an agreement to expand Midland College’s Transportation Training Program. The funds from MDC were matched by a High Demand Jobs Training Grant through a partnership with Workforce Solutions of the Permian Basin. This expansion included the acquisition of a new Peterbilt truck and 20 scholarships for program participants.