News

April 18, 2017

What started several years ago as a prototype made of PVC pipe and chicken wire has become reality, thanks to a bit of help from the Midland Development Corp. and the city of Midland.

A small ribbon-cutting ceremony was held Tuesday at the MDC offices to officially celebrate the completion of LeoLabs’ Midland Space Radar, located on city-owned property in Winkler County known as the T-Bar Ranch.

April 11, 2017

The University of Texas of the Permian Basin will get $5 million from the Midland Development Corp. to help fill out the third floor of its yet-to-be-constructed engineering building at its Midland campus.

President David Watts was on hand as the Midland City Council unanimously approved the deal that will help build out classrooms, laboratories and associated facilities for the home of the school’s future chemical and electrical engineering departments.

April 6, 2017

MIDLAND, TX (KWES) - With the help of the Midland Development Corporation, Midland Memorial Hospital has been able to bring more physicians to Midland over the past two years.

The MDC and the hospital are currently in a five year agreement where the MDC reimburses the hospital for its expenses associated with physician recruitment in an amount up to $450,000 in 2017.

The financial support from MDC is helping the hospital in a big way.

April 3, 2017

April 3, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) offers continued support to the Midland Memorial Hospital to recruit physicians to Midland. A strategic plan has been put into motion to fill specialty and general practitioner healthcare gaps that currently exist in the Midland community.

April 3, 2017

April 3, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approved a term sheet that outlines the dual strategies of funding part of The University of Texas at the Permian Basin’s (UTPB) new College of Engineering building, and transforming UTPB’s Center for Energy and Economic Diversification (CEED) building into a makerspace/incubator.

March 30, 2017

March 29, 2017 (Midland, Texas) – The Midland Development Corporation (MDC) approved an Interlocal Agreement with the University of Texas of the Permian Basin by and through its Small Business Development Center (SBDC) for an amount not to exceed $264,000 for the Midland Entrepreneurial Challenge, to be operated and managed by America’s SBDC, located at the Center for Energy and Economic Diversification (CEED).

March 15, 2017

AUSTIN ⎯ Texas employers expanded their payrolls in January with the addition of 51,300 seasonally adjusted nonfarm jobs. Texas’ seasonally adjusted unemployment rate remained unchanged at 4.8 percent.

March 9, 2017

Completion of the east end of Loop 250 got one step closer to realization Monday after the Midland Development Corp. approved unanimously to aid the project. Plus, work on improving State Highway 349 became more likely.

The MDC will pledge $2 million for the completion of a curvilinear overpass at Loop 250 and county roads 1150 and 60, a complicated project slated to cost $21.5 million.

March 1, 2017

By Jack Rogers
From the January/February 2017 Issue

Texas has been named Business Facilities’ 2016 State of the Year. The Lone Star State joins Tennessee as one of only two states to win the magazine’s top honor three times since it was created in 2007. In addition to the 2016 award, Texas snared BF’s inaugural State of the Year honor in 2007; TX also won the top BF honor in 2012.

February 27, 2017

Press Release From: LeoLabs Inc. 

LeoLabs, Inc., the leading commercial provider of data to track debris and prevent collisions in low Earth orbit (LEO), today announced completion of the next addition to its network of phased-array radars. The Midland Space Radar (MSR), located in Texas, is now operational and providing high resolution orbital data on LEO-based satellites and debris.

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