News & Resources
News Articles
Dallas, TX, September 12, 2024 -- Omni Hotels & Resorts has signed a development agreement with Midland Downtown Renaissance, LP, a collaborative effort by leading Midland-based companies, foundations and investors, to develop and manage a highly anticipated 135-room luxury hotel in the heart of downtown Midland, Texas.Omni, whose headquarters are...
A Fresh Look and Enhanced Features Offer a Seamless User Experience for New and Existing BusinessesMIDLAND, TX–Midland Development Corporation is proud to announce the launch of its newly redesigned website, www.midlandtxedc.com. The updated site offers a fresh, user-friendly interface while highlighting the unique qualities of Midland, TX, and providing enhanced...
Coworking Cafe recently published a study highlighting the top US cities that are fostering economic growth. The report showed that Midland saw the highest GDP growth among its population bracket. This was an increase of 80% between 2018-2022. Midland also experienced a 10% growth in housing units for a total of...
Next gen innovation
Sep 5 2024Science fiction is quickly becoming reality in life — but it’s also just another day on the job site at TxDOT.If you’ve ever visited a TxDOT job site, don’t be alarmed if you notice a robotic worker. There’s TyBOT the rebar-tying robot in the Odessa area, Spot, the data-collection robot...
Governor Abbott Announces Over $4.3 Million In Grants To South Texas Veteran Service Organizations
Sep 4 2024Governor Greg Abbott today announced 17 Fund for Veterans’ Assistance (FVA) grants totaling over $4.3 million were awarded to 12 organizations in South Texas as part of the Texas Veterans Commission’s (TVC) Grants Across Texas. Presented by TVC today, the funding will provide services to more than 3,400 veterans and...
The airport in your community provides valuable services that are often overlooked. In addition to providing a runway, fuel, and a building, airports can be a hub of economic activity. It is an economic asset with the potential to produce revenue and services for the community.General Aviation FactsGenerates over $150...
Downtown isn’t just for cities, urban areas or song lyrics anymore. In the realm of economic development, the concept of a "downtown" has become a focal point for communities of all sizes. Far from being limited to major urban centers, downtowns play a significant role in fostering economic growth, cultural...
Midland was named one of the top 25 best places to live in the Southwest by Livability.com. Landing at #20, our community is mentioned first by our iconic skyline and oil and aerospace industries. Due to the affordable nature of Midland, we made the list not only for our community...
The aerospace and defense (A&D) industry is undergoing a transformative period with significant federal funding shifts towards emerging markets. This article will examine the trends in federal funding, the rise of new A&D hubs, and the strategic considerations companies must navigate to capitalize on these opportunities.Trends in Federal FundingFederal funding...
Space—check. Cool activities—check. Convenient location—check. Local airports have everything you need to host vibrant community events. Next time you are planning a community gathering, consider hosting it at the airport to create awareness for the impact it makes on the local economy and how the community can participate.In our latest...
Chevron Corporation will move its headquarters from San Ramon, California, to Houston before the end of the year, the company said Friday.Chevron is the latest company to leave California for Texas seeking a laxer, more business-friendly regulatory environment. Last month, Elon Musk said he’ll move X and SpaceX to Texas...
The Midland Development Corporation Board of Directors approved an agreement with UT Permian Basin for the 2024-2025 Midland Entrepreneurial Challenge during the June board meeting. Midland City Council approved the agreement later in July, giving the green light for another year of the MEC.The Midland Entrepreneurial Challenge is funded by...
The ConocoPhillips Small Biz Builder is back!This program is open to businesses located in Midland, Ector, Ward, Winkler, Eddy, and Lea counties in the Permian Basin who are interested in taking their business to the next level. This FREE training program for entrepreneurs will equip you with the necessary tools needed...
SOARING INTO 2024
Jul 29 2024A decade ago, General Electric selected its engine parts plant in Auburn, Alabama, to lead a deeper plunge into the world of additive manufacturing. Today, 3D printers installed at the facility produce complex jet engine components from metal powders — a process more efficient than traditional manufacturing methods.As testament to...
Midland recently ranked #1 in AOL's Best Places to Buy a Home Under $300,000! Midland continues to be a great place to live, work, and play for everyone. Read the full report here.Learn more about living in Midland here.
According to Business Facilities, the Midland MSA has ranked as the seventh fastest-growing metro in the nation. In the United States, there are over 300 metropolitan areas. The full report from Business Facilities will be available in August.
Midland, Texas ranked #4 in Motley Fool's list of cities where you can find high salaries and low costs of living. In spite of inflation and other economic factors the last several years, Midland has continued to fall below the national average for cost of living. At the same time,...
Transform Your Business and Maximize Profits by Focusing on This Customer Retention Factor
Jun 28 2024Whatever business you're in, repeat customers are your best and most profitable customers. That's true if you're a retailer or restaurant, or a franchisor looking to expand your locations. For restaurants and retailers, it means re-defining success. With so many options available to customers, year-over-year sales growth is too short-term...
If Texas were a country, it would be the eighth-largest economy in the world, ahead of Canada and even Russia. In 2022, Texas’ gross domestic product (GDP) — the total market value of all finished goods and services — totaled $2.4 trillion. Texas keeps climbing the world economic ranks; only...
Ramping Up an FDI Attraction Strategy Attracting international investment can seem daunting, especially for economic development organizations (EDOs) new to the endeavor or with limited staffing resources. However, successfully attracting foreign direct investment (FDI) to your locale typically provides generous returns. While FDI attraction presents a unique set of challenges, at...
The Comptroller’s data analysts recently updated our regional reports, showing a continued trend of strong economic and population growth. Some of these data surprised us, while other results confirmed what we’ve been hearing. Here are the top 10 stats that stood out to our researchers:1. The saying, “I wasn’t born...
In 2023, the Midland Development Corporation Board of Directors approved an agreement that would expand Midland College’s Transportation Training Program. The funds from the MDC were matched by a High Demand Jobs Training Grant through a partnership with the Workforce Solutions of the Permian Basin. The expansion of the program...
Texas Commission on Environmental Quality Announces Opening of the 2024 Rebate Grants Program
Jun 3 2024The Texas Commission on Environmental Quality (TCEQ) is now accepting applications for the Rebate Grants Program. An estimated $92 million in funding is available to assist in reducing nitrogen oxides (NOx) emissions by upgrading or replacing on-road heavy-duty diesel vehicles and select non-road diesel equipment within Texas nonattainment areas and...
With an assist from extensive public input, TxDOT is crafting a statewide, long-range transportation plan to meet the transportation needs of Texas for the next 25 years.The plan — Connecting Texas 2050 — considers all modes of transportation, including roadways, pedestrian and bicycle paths, transit, freight and passenger rail, airports,...
