News

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.

March 21, 2016

In November 2001 when Midland voters passed an economic development sales tax, they envisioned the type of diversification that would lead to businesses coming to Midland that wouldn't be impacted by a decline in oil prices. 

Nearly 15 years later, that vision might be realized, because while oil prices have fallen to a level not experienced in more than a decade, the mission of space industry company XCOR Aerospace Inc. continues undeterred.

March 21, 2016

At the end of the day, Brent Hilliard is a businessman. As founder and president of the Hilliard Cos., he doesn't throw good money after bad but operates within a well-run business plan.

That is the same attitude he has brought to the seat as a board chairmain of the Midland Development Corp. Hilliard, a lifelong Midlander, looks at what the MDC does with a focus on rate of return and how its parts make up a successful business plan.

February 17, 2016

Krysti Papadopoulos, payload engineer with XCOR Aerospace, told a gathering at the Petroleum Museum’s monthly Lunch and Learn program that Midland’s history in exploring for natural resources makes space exploration a natural fit for the Tall City.

Another benefit is that the area’s numerous engineers and technicians have skills that can easily transfer to aerospace.

February 15, 2016

[XCOR Aerospace] has spent years developing a rocket plane named Lynx that is intended to be capable of making multiple flights each day with a pilot and one passenger aboard.

Unlike Virgin Galactic's SpaceShipTwo, the Lynx will take off under its own power from a runway, climb toward space and then glide back to a runway landing. XCOR also plans flights surpassing an altitude of 62 miles.

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