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According to Business Facilities, the Midland MSA has ranked as the seventh fastest-growing metro in the nation. In the United States, there are over 300 metropolitan areas. The full report from Business Facilities will be available in August.
Midland, Texas ranked #4 in Motley Fool's list of cities where you can find high salaries and low costs of living. In spite of inflation and other economic factors the last several years, Midland has continued to fall below the national average for cost of living. At the same time,...
Transform Your Business and Maximize Profits by Focusing on This Customer Retention Factor
Jun 28 2024Whatever business you're in, repeat customers are your best and most profitable customers. That's true if you're a retailer or restaurant, or a franchisor looking to expand your locations. For restaurants and retailers, it means re-defining success. With so many options available to customers, year-over-year sales growth is too short-term...
If Texas were a country, it would be the eighth-largest economy in the world, ahead of Canada and even Russia. In 2022, Texas’ gross domestic product (GDP) — the total market value of all finished goods and services — totaled $2.4 trillion. Texas keeps climbing the world economic ranks; only...
The Comptroller’s data analysts recently updated our regional reports, showing a continued trend of strong economic and population growth. Some of these data surprised us, while other results confirmed what we’ve been hearing. Here are the top 10 stats that stood out to our researchers:1. The saying, “I wasn’t born...
Ramping Up an FDI Attraction Strategy Attracting international investment can seem daunting, especially for economic development organizations (EDOs) new to the endeavor or with limited staffing resources. However, successfully attracting foreign direct investment (FDI) to your locale typically provides generous returns. While FDI attraction presents a unique set of challenges, at...
In 2023, the Midland Development Corporation Board of Directors approved an agreement that would expand Midland College’s Transportation Training Program. The funds from the MDC were matched by a High Demand Jobs Training Grant through a partnership with the Workforce Solutions of the Permian Basin. The expansion of the program...
Texas Commission on Environmental Quality Announces Opening of the 2024 Rebate Grants Program
Jun 3 2024The Texas Commission on Environmental Quality (TCEQ) is now accepting applications for the Rebate Grants Program. An estimated $92 million in funding is available to assist in reducing nitrogen oxides (NOx) emissions by upgrading or replacing on-road heavy-duty diesel vehicles and select non-road diesel equipment within Texas nonattainment areas and...
With an assist from extensive public input, TxDOT is crafting a statewide, long-range transportation plan to meet the transportation needs of Texas for the next 25 years.The plan — Connecting Texas 2050 — considers all modes of transportation, including roadways, pedestrian and bicycle paths, transit, freight and passenger rail, airports,...
Space Day, celebrated on the first Friday of May each year, is a time to ignite curiosity about the cosmos and inspire the next generation of space explorers. This year, on May 3rd, Space Day takes on special significance for Midland, Texas, as the city continues solidifying its position as...
Branding is the most important part of your marketing strategy, without a recognizable brand, potential customers won’t know who you are. The Nike tick, and the McDonalds sign are two of the most popular logos in the world. But there’s much more to a brand than a logo, colors and...
The Midland Development Corporation approved a lease agreement with Castelion Corporation on April 26, 2024. Castelion will test their rocket engines and propulsion systems on MDC-leased land that is located outside of city limits.
Entering 2024, indications were that inflation might be easing, and borrowers became hopeful that interest rate cuts would be on the horizon. Now, four months into the year, inflation remains sticky, and Federal Reserve Chair Jerome Powell has suppressed talk about rate cuts.“In recent months, inflation has shown a lack...
Getting through the maze of federal funding and incentives in the world of manufacturing site selection and facility planning is akin to a high-stakes chess game. It's not just about the allure of the funds; it's the intricate dance of aligning these opportunities with your project's timelines and strategic goals...
Planning our transit future
Apr 23 2024To prepare for the future of transportation in Texas, TxDOT is developing a Statewide Multimodal Transit Plan, which will take a comprehensive look at current and emerging forms of public transportation and the intersection between transit and active transportation.The SMTP will lay the foundation for future transit plans by supporting...
In the heart of West Texas, where oil rigs dot the landscape and entrepreneurial spirit runs deep, the Midland Entrepreneurial Challenge is a beacon of opportunity. Hosted by the Midland Development Corporation (MDC) and administered by the University of Texas Permian Basin (UTPB), this annual challenge is more than just...
Steve Jobs called it ‘collecting dots.’ It’s where you read and investigate several things at the same time, both historical and then looking forward. It might be researching an industry, studying the economic and industry trends, looking at technology trends, looking at what’s trending with emerging generations like Gen Z...
The third edition of a primary research study, The State of Site Selection, identifies the top trends impacting facility location decisions globally. The report is a joint release of the Site Selectors Guild (the Guild), the only association of the world’s foremost professional site selection consultants, and Development Counsellors International...
The eyes of Texas are upon the moon in early April, and airports will be a popular destination to see the total solar eclipse. Whether viewers take to the skies or stick to the ground, it might be good to also appreciate the work that’s done to support Texas aviation.The...
According to a report from GObankingrates.com, Midland, Texas ranked #3 among US cities that offer high salaries and a low cost of living. The report found that the average household income is $115,425 and a Midlander will pay around $31,392.84 for their total necessities. Almost all necessities fall below the...
The Space Force Association has established the Texas chapter of the organization with headquarters located in Midland, Texas. The SFA works to create community, inform policy, and network with professionals in the industry. Being here in Midland, the SFA Texas chapter will bring these opportunities right to our area.
SPOILER ALERT: The classic movie Field of Dreams tells the story of an Iowa farmer who hears a voice saying, "If you build it, he will come”, and sees a vision of a baseball diamond. He then mortgages everything to build a baseball field. While he does experience initial financial...
In the flow of a workday, it's easy to spend your time putting out fires — we've all been there. This reactionary brand of management results in a disconnected, chaotic feeling for everyone from the workforce to the customers. Focusing on your original vision for your company can create a...
63 Small Business Ideas to Start in 2024
Mar 15 2024Many people dream of starting their own business. Running an enterprise in your home, garage or on the go means you can take more control over your professional goals, set more ambitious financial targets and achieve a more desirable work-life balance.But what if you're ready to start a business but...