Business & Economy
The Midland Development Corporation was created in January 2002 to promoting business expansion, job creation and capital investment to diversify and strengthen the Midland, Texas, economy. We do so by offering 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.
Business Diversification
With our location in the Permian Basin, Midland’s economy has been heavily influenced by the oil and gas industry. Our economy has diversified and now Midland is home to a growing number of aerospace, distribution, and business service companies, in addition to many family-owned businesses.
Assistance is Available
The MDC is here to support local businesses looking to grow and those interested in relocating to our area. Review our list of local and state incentives, then contact us for information on how to utilize or access them. If your business needs something that is not listed on our website, let us know. We may be aware of additional resources or be able to customize a solution that makes it possible for your business to grow and create jobs in Midland.
Frequently Asked Questions
The MDC offers a comprehensive suite of programs and services related to business retention and expansion, site selection assistance, financial assistance, and workforce development.
Yes. We provide grants to businesses that create new primary jobs paying at or above the prevailing wage. These funds can be used to reimburse the costs of specialized training for new or existing employees, ensuring Midland’s labor force remains competitive in technical and engineering fields.
