News & Resources

The Texas Department of Transportation is beginning a project to build an overpass in Midland. By allocating $3 million toward this Loop 250 overpass, the MDC is accelerating the construction of an essential overpass in Midland. This project will also unlock a large amount of undeveloped property in North Eas...Continue Reading

Generally speaking, everyone resists change. Especially sudden change. But Covid-19 changed all that. Friday rolled around and we were told to grab-your-stuff and go home and no one knew when we would be back. You hear people say, “When things go back to normal…” Well, will things really go back t...Continue Reading

Site selection has traditionally focused on analyzing and comparing markets based on their current — and sometimes historical — capacity to support a corporate end user’s organizational objectives. More recently, a fundamental shift is under way where clients are challenging their consultants and candidate communities to also provide assessments o...Continue Reading

The COVID-19 pandemic is already causing shifts in the economy and workforce. Other than the obvious loss of employment, some of which will hopefully be temporary, another significant shift in the workforce involves employees in the professional services sector and others forced to work remotely from home. Although companies allowin...Continue Reading

It’s almost always good news when an industrial manufacturer needs to find a new plant site. It means business is growing, new markets are emerging, and financials are healthy. However, this is the point of time in the business cycle when decisions about next steps need to be made carefully...Continue Reading

The global health crisis has exposed widespread vulnerabilities in supply chains. Although toilet paper shortages have become the most talked-about issue, long-term demand and supply shock ripples caused by this crisis will likely be felt for much longer as production delays at impacted sites, material shortages and scarcity of logistics come to light. It’s no surprise that many companie...Continue Reading

In early May, many states began loosening restrictions on business operations. In California, for example, Governor Newsom announced that bookstores, music stores, toy stores, florists and some other retailers could reopen for pickup service. While restaurants were not a part of this first wave of reopenings, if all goes well, we could see them open their doors for seatin...Continue Reading

There has been some confusion regarding the U.S. Census, given COVID-19. While the pandemic has changed how the Census is being conducted, it is still happening online and via the phone. We encourage Midland residents to participate as soon as possible. Ways to Take the Census Now The Census data is usuall...Continue Reading

The city's first roundabout will be located at the extension on Tradewinds Boulevard at Anetta Drive, between Thomason Drive and Business 20. The MDC committed a little over $4M for the construction of the Tradewinds extension. To learn more, check out this great video put together by the City of Midlan...Continue Reading

Midland businesses are adaptable and innovative. They are demonstrating that spirit in the creative ways that they are serving customers during the COVID-19 pandemic. Most businesses have altered how they do business, but that doesn’t mean they are closed. In many cases, they have simply moved online or to ...Continue Reading

The rapid global spread of the COVID-19 virus has left businesses frantically looking for viable solutions to protect employees and consumer health and presents tough choices for business leaders. The coronavirus has desperately affected the business community and, in particular, the supply chain. For example, here in South Carolina, the Por...Continue Reading

Texans are battling a colossal challenge—an invisible enemy that has tested our lives and our livelihoods—but overcoming challenges is part of who we are as Texans. We have shown that Texas can continue our efforts to contain COVID-19 while also adhering to safe standards that will allow us to begin th...Continue Reading

Amid the Covid-19 crisis, many non-essential businesses have had to close their doors to the public. Unemployment has become a major issue for most Americans and others around the world. Nearly 17 million Americans have filed for unemployment in the three weeks' time after statewide shutdowns and closure of businesse...Continue Reading

While lowering the cost to human life remains of utmost importance during the COVID-19 outbreak, the virus is also fiercely impacting businesses across the globe. In the United States 17 million people, 10% of the workforce, filed for unemployment in a three-week period, and the OECD projects world GDP growth will fall to 2.4...Continue Reading

When Congress passed the stimulus package on March 27, the $2 trillion aid package included a new Paycheck Protection Program to be administered by the U.S. Small Business Administration (SBA). The objective of the program is to provide small businesses with the capital they need to continue making payroll fo...Continue Reading

The Texas Cultural Trust has undertaken a series of research and public policy initiatives to quantify the impact the cultural arts and creative sector have on the Texas economy. By building upon previous studies, we can highlight how the cultural arts positively impact the social and economic wellbeing of communitie...Continue Reading

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Securities (CARES) Act, a $2.3 trillion relief package designed to help individuals and businesses weather the economic damage caused by the COVID-19 pandemic. The headliner of the CARES Act was the creation of the Paycheck Protectio...Continue Reading

Our city, our nation, and our world are currently experiencing unprecedented circumstances. A global pandemic endangers our health, and economic conditions threaten our livelihoods. The Midland Development Corporation exists to strengthen and diversify Midland’s economy, and our mission is more critical than ever. Our hearts are with our city. The MD...Continue Reading

AST & Science, our tenants at the Midland International Air and Space Port Business Park, just announced Rakuten and Vodafone as their two new capital investors. This venture will extend mobile coverage to more people and devices across the planet, using the first mobile broadband network that will broadcast fro...Continue Reading

The MDC was thrilled to host the first-ever Texas Economic Development Corporation Regional Business Summit in Midland on March 3, 2020. Governor Greg Abbott spoke about how the Lone Star State is bursting with economic development. Joining him was a panelist including: Tracee Bentley, President & CEO of Permian Strategic Partnership...Continue Reading

Downtown is experiencing revitalization. New developments—the Bush Convention Center, the highly anticipated Centennial Park, the Micro Market, and new four-star hotel—are creating a vibrant gathering place for the community. This space will be a draw for Midlanders and visitors alike, and will attract a variety of small, local businesses t...Continue Reading

The unemployment rate in Midland was tied for the 12th lowest in the nation during the month of December, according to figures released last week by the Bureau of Labor Statistics. The BLS reported Midland was one of 22 metropolitan statistical areas with a jobless rate of 2.1 percent or lower...Continue Reading