Incentives

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. 

Incentives
The Capital Access Program (CAP) is a partnership between the State of Texas and selected non-profit lenders to increase access to financing for small and medium-sized businesses and non-profits whic...
More Info

Category: TX State Programs

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 withi...
More Info

Category: Local Incentives

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 loan...
More Info

Category: Local Incentives

Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations i...
More Info

Category: TX State Programs

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 distresse...
More Info

Category: Local Incentives

The Event Trust Funds program is comprised of three separate funds—the Events Trust Fund, Major Events Reimbursement Program, and Motor Sports Racing Trust Fund—targeted at attracting various types of events t...
More Info

Category: TX State Programs

Texas takes the initiative to invest in its future by offering competitive incentives to companies who are creating jobs and driving innovation in Texas. The incentives in this section ar...
More Info

Category: TX State Programs

Midland's Foreign Trade Zone #165, located at Midland International Airport, gives companies the opportunity to defer and possibly reduce duty paid on goods traded across national borders. Goods may b...
More Info

Category: Local Incentives

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 a...
More Info

Category: Local Incentives

The Governor’s Office of Small Business Assistance works closely with a variety of partners to highlight various avenues for access to capital, including, but not limited to the below: Product Developmen...
More Info

Category: TX State Programs

Industrial Revenue Bonds (IRBs) provide a source of tax-exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses, encourage employment, and expand th...
More Info

Category: TX State Programs

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 o...
More Info

Category: Local Incentives

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 financin...
More Info

Category: Local Incentives

The Spaceport Trust Fund (STF) is a financial tool to support the development of infrastructure necessary or useful for establishing a spaceport in the State of Texas. Fund proceeds ar...
More Info

Category: TX State Programs

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 wer...
More Info

Category: Local Incentives

Texas takes the initiative to invest in its future by offering competitive incentives to companies who are creating jobs and driving innovation in Texas. The incentives in this section ar...
More Info

Category: TX State Programs

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
More Info

Category: Local Incentives

The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as ...
More Info

Category: TX State Programs

The Texas Leverage Fund (TLF) is a loan program providing financing for qualified projects in Texas municipalities. The program allows communities to leverage future sales tax revenues to support economi...
More Info

Category: TX State Programs

Texas has the perfect combination of highly skilled talent and world-class schools that continue to meet the needs of businesses across all industries. The Lone Star State is home t...
More Info

Category: TX State Programs