Midland Development Corporation

Company name:

Midland Development Corporation

Company Description:

With a mission statement focused around promoting and advancing opportunities to enhance and diversify the strength and stability of the local economy, the Midland Development Corporation (MDC) is committed to promoting and helping to strengthen the Midland community as it undergoes rapid expansion and well into the future. Formed in 2002, the MDC helps to offer incentives to qualified new and existing employers who create jobs for the community. This is possible thanks to a quarter-cent increase in the local sales tax rate that was passed by Midland voters which helps the MDC to promote economic development and diversification. A five-member board is appointed by the Midland City Council to serve three-year terms for the MDC. The board focuses on four main goals including attracting diversified industries and business to Midland, retaining and encouraging expansion of existing businesses, providing assistance to develop areas of the City of Midland that meet the city’s development objectives, and marketing, recruiting and strengthening Midland’s workforce for current and future employers. As Midland and the Permian Basin continues to experience tremendous growth in population and business expansion thanks to a recent resurgence in the oil and gas industry, the Midland Development Corporation is prepared to work alongside local entities and businesses to help create a bright and prosperous future. The Midland Development Corporation offices are located at 200 N. Loraine St. Ste. 610, in Midland. For more information about Midland Development Corporation, contact their office at (432) 686-3579 or visit their website at https://midlandtxedc.com/.

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