The Midland Development Corporation (MDC), created in January 2002, offers incentives to qualified new and existing employers who create jobs for the community. Midland voters made these incentives possible when they approved a quarter-cent increase in the local sales tax rate, with additional revenues earmarked to promote economic development and diversification.

The MDC's goals are:

• Keep existing jobs and businesses in Midland
• Foster the expansion of existing Midland businesses
• Attract target industries and businesses to Midland
• Provide long-term employment opportunities for Midlanders
• Promote and develop industrial and manufacturing enterprises in order to reduce unemployment and underemployment
• Promote and encourage employment and the public welfare of, for, and on behalf of the City of Midland
• Develop areas of the City of Midland that meet the City's development objectives.

A five-member board appointed by the City Council governs the Midland Development Corporation.

The Midland Chamber of Commerce Economic Development Division, through a contract with the Midland Development Corporation, administers the area's economic development program.