2016’s Fastest Growing Cities

Experts might not agree on the “best” or the “right” recipe for rapid economic growth, but some cities have figured out the key ingredients and how to stir the pot just right to sustain long-term prosperity. Patterns emerge within those cities, allowing us to identify the contributing factors that perpetuate a lasting cycle of growth.

LeoLabs to build space-tracking radar at Texas spaceport

LeoLabs Inc., a Silicon Valley startup preparing to build a worldwide network of phased-array radars to detect and track objects in low Earth orbit, plans to install a radar at Texas’ Midland International Air and Space Port, according to a Sept. 13 announcement.

UTPB gets $200,000 contribution

The University of Texas of the Permian Basin received a second installment of $200,000 for its aeronautical engineering program from the Midland Development Corp. at the Mesa Building Wednesday.

UTPB received a $600,000 three-year commitment from the Midland Development Corp. and the Midland City Council in January for research and development of a concentration in aeronautical engineering within the mechanical engineering program.

Orbital Access Interested in Midland Spaceport

By Trevor Hawes

There’s a formal relationship brewing between Midland and Scotland, and it could mean a new tenant at the city’s upstart spaceport.

Glasgow Prestwick Airport and Spaceport Business Development Director Mike Stewart visited Midland last week to meet with its new partner XCOR Aerospace, which is headquartered in Midland, and to bring the city a message:

Texas Ranks Near Top of Aerospace Manufacturing Report

When it comes to aerospace manufacturing, Texas is among the top 10 states in the U.S., according to a detailed international industry analysis from 

I-20 Permian Basin Corridor Study

View a presentation of the Permian Basin Metropolitn Planning Organization's 2016 I-20 Permian Basin Corridor Study. The purpose of the study is to assess current safety and capacity needs and plan for the modernization of the corrior throughout the Permian Basin. This multimodal corridor plan is intended to improve mobility and safety, enhance the region's economic opportunities and maintain infrastructure assets. 

View the Corridor Study Here

Texas Town's Fortunes Rise And Fall With Pump Jacks And Oil Prices

MDC Comment: This "boom and bust" cycle is why the MDC exists. We work to diversify our economy every day, to help support our primary O&G industry. Thank you to all of the hardworkers and entrepreneurs in our town.

Out on the wide open plains of West Texas, you can see the horizon for 360 degrees, interrupted only by the nodding up and down of pump jacks pulling oil up out of the earth.

There lies the aptly named town of Midland.

A Portrait Of America's Middle Class, By The Numbers

Not surprising, the distribution of the middle class varies by location and cost of living.

Midland, Texas, is currently home to one of the country's smallest middle-income groups — only 43 percent of the population. That's because so many people have actually gotten richer. In fact, thanks to the oil industry, Midland has the highest percentage of upper-income families in the U.S.: 37 percent.

Texas Tops Best Places to Work and Live

Whether you are a recent college graduate or looking for a fresh start, location matters when it comes to finding a job and an affordable place to live.  You not only want to find a high-paying job but you want to stretch the dollars you earn.  So where can you go to find that job and get the most bang for your buck? CareerCast crunched the numbers and found Texas may be the answer.

Scharbauer Foundation announces $10 million commitment to Midland ISD

The Scharbauer Foundation will donate $10 million to the Midland Independent School District to assist in overcoming its current financial crisis.

Foundation board President Clarence Scharbauer III and Midland ISD board President Rick Davis announced Friday the landmark philanthropic effort that will aid the district as it wrestles with a $25 million deficit caused by this year’s $50 million “Robin Hood” payment to the state of Texas.