News

October 2, 2017

October 2, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approved three donation agreements with the Texas Department of Transportation (TxDOT) for highway safety improvement projects.

The MDC will contribute a total of $7 million to assist with the timeline acceleration and completion of these three projects by TxDOT:

September 26, 2017

More than $4 million in Midland Development Corp. projects -- including $2 million for a highway safety project at Loop 250 and County Road 1150 -- are on Tuesday’s Midland City Council agenda.

The donation agreement, according to city documents, is meant to leverage Texas Department of Transportation funds for the construction of main lanes and interchanges at the intersection.

Other projects include:

September 20, 2017

Dual-credit enrollment at Midland College has increased from fall 2016, trustees learned in a presentation Tuesday at the board’s monthly meeting.

Fall 2017 enrollment for dual credit -- which allows students to earn both high school and college credits -- was 1,392 as of Tuesday. The figure is a jump from 1,116 students during the same semester last year, according to figures provided to the Reporter-Telegram.

September 19, 2017

Texas has held the top business climate ranking since 1999.

Texas has the best business climate in the country, according to a new survey of U.S. corporate executives from Development Counsellors International (DCI). Florida is the runner up, followed by Georgia, South Carolina and North Carolina.

September 11, 2017

September 11, 2017 (Midland, Texas) Weir Oil & Gas, a leading supplier of equipment and services to the oil and gas sector, has agreed to build a new multi-million dollar facility in Midland, securing nearly 100 jobs over the next 5 years.

September 11, 2017

September 11, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approves $316,000 to assist in the construction of the new Chris Davidson Opportunity Park to be located at Bush Tennis Center.

September 11, 2017

September 11, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) is pleased to contribute an amount not to exceed $1.7 million to road improvements at Carver Street and Scharbauer Drive.

Improvements might include, but are not limited to, drainage, sidewalks, handicapped ramps, road improvements and utilities.

August 31, 2017

All Tenaris operations in Houston, Freeport and Bay City, Texas, are currently closed as devastating flooding and rain continues throughout south Texas.

August 17, 2017

First Bancshares of Texas, the holding company of Midland-based FirstCapital Bank of Texas, announced Don Cosby has been hired as its new president.

Cosby replaces Ken Burgess, who will remain as FirstCapital Bank’s chairman.

August 17, 2017

Midland and Odessa’s economies are entering the second half of 2017 with significant upward momentum, shaking off the effects of falling crude oil prices.

At the end of the second quarter, the Midland-Odessa Regional Economic Index marked the eight-month anniversary of its current recovery with its first year-over-year increase in two years.

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