Economic Gateway Midland Development Corporation News RSS Feed Thu, 16 Aug 2018 18:58:28 -0500 en-US TEXAS ECONOMIC DEVELOPMENT CORPORATION AND ACCENTURE JOIN FORCES TO PROMOTE TEXAS AS A DESTINATION FOR INNOVATION Wed, 15 Aug 2018 00:00:00 -0500 Austin, Texas -- The Texas Economic Development Corporation (TxEDC) and Accenture announced a partnership to position Texas as the business destination of choice for innovation. The collaboration is a three-year commitment to advance the economic vision for Texas, particularly as it relates to the role of innovation and digital technologies. “As the... TEXAS RANKED AMERICA'S TOP STATE FOR BUSINESS BY CNBC Mon, 13 Aug 2018 00:00:00 -0500 The Lone Star State secured the top spot in CNBC's rankings after a strong year of economic growth and the addition of over 350,000 jobs Texas claimed the No. 1 spot in CNBC's annual Top States for Business ranking, thanks to its strong economy, infrastructure and talented workforce. Since CNBC introduced... TEXAS EARNS FIVE NO. 1 RANKINGS IN BUSINESS FACILITIES’ 2018 STATE RANKINGS REPORT Fri, 10 Aug 2018 00:00:00 -0500 The Lone Star State was ranked among the best of the best after receiving five No. 1 rankings and 48 top-10 spots in Business Facilities’ annual State Rankings Report Texas secured the No. 1 spot in five different categories in Business Facilities’ annual State Rankings Report. In addition to receiving these... Bringing Light to the Shadows of Health Care Wed, 08 Aug 2018 00:00:00 -0500 In June, Midland Development Corporation announced an $8.4 million economic development incentive for Texas Tech University Health Sciences Center at the Permian Basin that will provide much needed psychiatric services for the Midland-Odessa area and all of West Texas. “This will help us recruit more faculty who will treat patients and... Midland, Texas has largest over-the-year jobs gain in September 2017 at 10.4 % Wed, 07 Mar 2018 18:00:00 -0600 Author: Bureau of Labor Statistics From September 2016 to September 2017, employment increased in 283 of the 346 largest U.S. counties, the U.S. Bureau of Labor Statistics reported today. Midland, Texas, had the largest percentage increase with a gain of 10.4 percent over the year, above the national job growth rate of... Exxon Mobil will triple production in the Permian basin, the hottest US shale oil field, by 2025 Tue, 30 Jan 2018 18:00:00 -0600 Author: CNBC Exxon Mobil on Tuesday said it will triple its production of oil and chemical feedstocks in one of the most productive shale basins in the United States and expand infrastructure to bring those products to market by 2025. The announcement came one day after the world's largest publicly listed oil company said... EIA: Permian to supply 68 percent of oil production growth in February Thu, 25 Jan 2018 18:00:00 -0600 Author: PBOil&Gas The Permian Basin will supply more than two-thirds of February’s gain in crude oil production across seven major regions in the U.S., according to the latest Drilling Productivity Report from the U.S. Energy Information Administration. The U.S. is forecast to add another 111,000 barrels per day in February to reach... Susie's South Forty Confections adding jobs thanks to Midland Development Corporation Tue, 23 Jan 2018 18:00:00 -0600 Author: The world-famous candy company, Susie's South Forty Confections, will be adding 10 jobs over the next three years. The additional hirings are part of an investment deal the business has with the Midland Development Corporation. Susie's ships toffees, caramels, and fudges across the country and to dozens of countries. But as demand continues... Oil and gas company, Weir, breaks ground in Midland for new facility Thu, 09 Nov 2017 18:00:00 -0600 Author: News West 9 Weir is finally calling Midland their home. The global oil and gas company is consolidating three of their service centers in both Odessa and Midland County into a $30 million facility.  "We bought enough land that we can expand in the future," said Weir OIl and Gas President, Paul... Weir Oil & Gas expands Permian presence with new customer service center Thu, 09 Nov 2017 18:00:00 -0600 Author: World Oil MIDLAND, Texas - Fort Worth-based Weir Oil & Gas today broke ground on a 92,000-square foot customer service center that will be located at the David Mims Business Park on Interstate 20. The new center reflects the company's strong commitment to the Permian basin region, consolidating three existing Permian-area... MDC gives final gift to UTPB engineering program Wed, 04 Oct 2017 19:00:00 -0500 Author: OA Online A partnership to bring aerospace engineering to the University of Texas of the Permian Basin was realized fully recently as President Sandra Woodley received the final gift to fund the program’s undergraduate track. In fall 2016, UTPB started a new aerospace engineering program after getting a three-year commitment from the... MDC OKs $5M for UTPB engineering building Sun, 01 Oct 2017 19:00:00 -0500 Author: Midland Reporter-Telegram The Midland Development Corp. completed two big steps in its mission to improve education Monday after it voted to approve a pair of measures affecting the University of Texas of the Permian Basin. At its monthly meeting, MDC board members unanimously greenlighted contributing $5 million toward the construction of UTPB’s... Texas Ranked #1 for Business by U.S. Corporate Executives Mon, 18 Sep 2017 19:00:00 -0500 Author: Texas has held the top business climate ranking since 1999. Texas has the best business climate in the country, according to a new survey of U.S. corporate executives from Development Counsellors International (DCI). Florida is the runner up, followed by Georgia, South Carolina and North Carolina. Texas, which has consistently held the... Midland Secures Multi-Million Dollar Investment and Nearly 100 Jobs Sun, 10 Sep 2017 19:00:00 -0500 Author: Midland Development Corporation September 11, 2017 (Midland, Texas) Weir Oil & Gas, a leading supplier of equipment and services to the oil and gas sector, has agreed to build a new multi-million dollar facility in Midland, securing nearly 100 jobs over the next 5 years.  Still pending the Midland City Council’s... The Sky’s The Limit In The Lone Star State Wed, 02 Aug 2017 19:00:00 -0500 Author: Business Facilities If Texas was a country, it would have the tenth-largest economy among nations. A business-friendly climate—TX, which has no corporate or personal income taxes, is the top-ranked state for Best Business Climate in our 2017 Rankings Report—as well as a highly skilled workforce, easy access to global markets and robust... Midland-Odessa economy shows impressive recovery as it journeys back to previous heights Wed, 19 Jul 2017 19:00:00 -0500 Author: Midland Reporter - Telegram Not quite there yet, but the Midland-Odessa Regional Economic Index continues its journey back to the heights reached in December 2014 as oil prices were beginning to plummet. “That is a strong and impressive recovery, a resilient economy and an impressive bounceback” from the economic damage wrought by... Midland College receives $349K grant for teaching programs in West Texas Mon, 17 Jul 2017 19:00:00 -0500 Author: CBS7 Midland College is receiving its second $349,480 Texas School Ready Grant from University of Texas Health Science Center at Houston. The grant focuses on professional development, coaching and mentoring for pre-k, Head Start and private child care teachers throughout West Texas. “The goal of this program is to help children be better prepared for... XCOR’s presence at airport was a benefit to community Wed, 05 Jul 2017 19:00:00 -0500 Author: Midland Reporter - Telegram Midland Development Corp. board Chair Brent Hilliard was right when he called XCOR’s decision to lay off its workers in Midland and Mojave, California, “disappointing.” It is very disappointing. There is another feeling stemming from the economic development agreement that apparently went belly up on Wednesday: This one stings. However, this... Midland home sales on the rise thanks to steady oil prices Wed, 05 Jul 2017 19:00:00 -0500 Author: MIDLAND, TX (KWES) - Home sales are on the rise in Midland and so far this year, there's been record numbers. Even homes over a million dollars are getting sold. It's something that's leaving the real estate market puzzled because oil isn't exactly booming. "Oil and gas prices aren't having as... Top Metros 2017 Mon, 06 Mar 2017 18:00:00 -0600 Author: Site Selection Magazine Midland is #9 on Site Selection Magazine's list of metros under 200,000 that are most likely to attract corporate growth.  Read Full Article Here Engineering building beam placed during ceremony Mon, 29 Jan 2018 18:00:00 -0600 Author: Midland Reporter - Telegram The last critical structural piece for the University of Texas of the Permian Basin’s under-construction College of Engineering building was flown into place Monday during a “topping out” ceremony that celebrated the milestone. Attendees were invited to sign the 18-inch-by 22-foot rigging beam, painted orange to match the... Road bond campaign tops $200,000 in contributions Wed, 17 Jan 2018 18:00:00 -0600 Author: Midland Reporter - Telegram Midland businessman Brent Hilliard put his money where his heart was when it came to the campaign to pass a $100 million road bond this past November. Hilliard contributed more than half of the $208,473 through donations — including those made as “non-monetary contributions” from a corporation —... Anadarko to build regional office in new Midland mixed-use development Thu, 09 Nov 2017 18:00:00 -0600 Author: Houston Business Journal The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) has picked out a site for its new regional office in Midland, Texas.  It will be in Westridge Commons, a new 37.5-acre mixed-use development along Andrews Highway, according to a press release from Denver-based Continuum Partners and New York-based investment firm KKR & Co. LP (NYSE: KKR). Continuum and KKR —... Business leaders offer input on UTPB engineering dean Thu, 19 Oct 2017 19:00:00 -0500 Author: OA Online Business and industry leaders in oil and gas and other stakeholders were briefed Wednesday at the CEED building on the status of the engineering program and asked for characteristics they would like to see for a College of Engineering dean at the University of Texas of the Permian Basin. Midland... Midland Spaceport Business Park Sun, 15 Oct 2017 19:00:00 -0500 Author: Midland Development Corporation