News

July 20, 2016

Seven North Texas firms are on this year's  list of largest privately owned companies in the U.S., according to the 2016 ranking by Forbes.

Computer giant Dell is the state's highest ranking private company by revenue, checking in at No. 4 overall. The Round Rock-based technology hardware company had revenue of $54.9 billion. Dell recently sold its Plano-based information technology services division to NTT Data, a global technology services company.

July 12, 2016

By Trevor Hawes thawes@mrt.com

Midland-headquartered XCOR Aerospace, Scotland-based Orbital Access and Glasgow Prestwick Airport are partnering to further pursue manned space launches.

July 12, 2016

US manned space launch vehicle designer XCOR Aerospace has signed a strategic Memorandum of Understanding (MoU) with spaceplane design and operating company Orbital Access Limited and Glasgow Prestwick Spaceport. This partnership is supported by Scottish Enterprise, the Scottish Government’s economic development agency.

July 12, 2016

A strategic Memorandum of Understanding (MoU) has been signed by companies from the US and Scotland taking them a step closer to Scottish manned space launch. The US manned space launch vehicle designer XCOR Aerospace has signed with spaceplane design and operating company Orbital Access Limited and Glasgow Prestwick Spaceport. This partnership is supported by Scottish Enterprise, the Scottish Government’s economic development agency. 

July 1, 2016

What if the term “ecosystem” were an accurate description of your company or region, rather than a wrung-out business metaphor?

That proposition lies behind Site Selection’s 2016 Sustainability rankings.

June 27, 2016

By Trevor Hawes thawes@mrt.com

Midland Development Corp. board members voted to release $3 million to Midland Spaceport Development Corp. during a special meeting Monday morning at City Hall.

June 16, 2016

The American middle class is shrinking, and consequently, the lower- and upper-income tiers are gaining share.

In a May 2016 report, the Pew Research Center found that between 2000 and 2014, the share of upper-income adults increased in 172 of the 229 US metro areas it analyzed.

The report also highlighted the 10 areas with the largest upper-income populations, which were mostly in the northeast region or on the California coast.

June 14, 2016

Starting a business at a young age can be challenging. But if you have a strong community around you, it can be much easier. The city or community in which you decide to start your business can make all the difference. But the cities you might immediately think of when choosing a business location may not be the best choices for young entrepreneurs.

June 8, 2016

On the surface, the news of layoffs at XCOR was supposed to be damning. The Midland Development Corp. put its money behind the wrong space industry player. The efforts to turn Midland International into a spaceport would go for naught. The development restrictions created because of the spaceport classification would be called into question.

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