Midland Development Corporation Incentives
Midland has an array of local and state incentives available to qualified and diversified companies. The Development Corporation Act of 1979 gives cities the ability to finance new and expanded business enterprises in their local communities through economic development corporations. The MDC may provide job creation incentives, skills training incentives, and performance agreement incentives to qualified applicants. All MDC incentives are subject to final approval by the MDC Board of Directors and Midland City Council.
For all requirements and to apply, please see the MDC Incentives Application Form.
Chapter 380 Economic Development Agreements
Chapter 380 of the Texas Local Government Code authorizes municipalities to offer incentives designed to promote economic development such as commercial and retail projects. Eligible projects must be located within the city limits of Midland, Texas, and all applications are subject to final approval by the Midland City Council.
To apply, please see the City of Midland Chapter 380 Application Form.
Please send completed applications to Sara Harris. If you have questions or need assistance, please email or call 432-253-8018.
Chapter 380 of the Texas Local Government Code authorizes municipalities to offer incentives designed to promote economic development such as commercial and retail projects. Eligible projects must be located within
Chapter 381 of the Local Government Code allows counties to provide incentives encouraging developers to build in their jurisdictions. A county may administer and develop a program to make loans
The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in economically distressed
Midland's Foreign Trade Zone #165, located at Midland International Airport, allows companies to defer and possibly reduce duty paid on goods traded across national borders. Goods may be assembled, packaged,
Freeport Tax Exemption is offered by the Midland County, City of Midland, and the Hospital District. The Freeport exemption exempts certain types of tangible personal property (i.e., inventory) from ad
The MDC will assist in the coordination with the City and County for tax abatements. Qualified businesses located within the designated Reinvestment Zone are eligible to apply for abatement of
Small Business Administration CDC/504 Loans The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing
Innovative and competitive legislation continue to fuel investment and job growth in the Lone Star State. Incentives such as the Texas Enterprise Fund and the Texas Emerging Technology Fund were
See a high-level summary of state incentives and programs offered by the Office of the Governor, Economic Development & Tourism office, at www.TexasWideOpenForBusiness.com.
Download the PDF Overview Here