Economic Development
Summary
Midland is going all-in on Tax Increment Reinvestment Zones (TIRZs) to jumpstart local business and fix up aging infrastructure. It’s a strategic gamble designed to turn underperforming areas into major economic hubs.
At a glance
- Total mentions
- 9
- Last 30 days
- 4
Impact analysis
The city is essentially betting future tax revenue growth today to pay for the infrastructure upgrades that will hopefully attract new businesses.
Local developers and business owners in the designated zones stand to gain the most from the new infrastructure and increased foot traffic.
Residents and businesses outside these zones might see their tax dollars prioritized elsewhere, potentially leading to uneven development across the city.
Mentions & discussions (13)
AST SpaceMobile 'proud' to build satellites in Midland
AST SpaceMobile staff shows off the microns in the BlueWalker 3 array.Courtesy AST SpaceMobileConnecting the 2.2 billion people around the world who are unconnected to the internet or cellular phone service is ...
Contract approved to master plan the West Texas aerospace corridor
A SpaceX Falcon 9 rocket lifts off with three Midland-made AST SpaceMobile BlueBird satellites on board. The three were successfully placed into low Earth orbit.Courtesy AST SpaceMobileMidland City Council has ...
MDC and Planning & Zoning seeking applications for vacancies
Ad promoting the vacancies by the City of MidlandCity of MidlandThe city of Midland is accepting applications for vacancies on two boards and commissions: the Midland Development Corporation and the Planning an...
MDC, ODC contribute to funding of highway economics study
The Midland Development Corporation and Odessa Development Corporation are contributing $20,000 to the Permian Strategic Partnership's 2026 Highway Economics Report.halbergman/Getty ImagesMidland Development Co...
Expansion expected to create 1,000 new jobs
Nearly 1,000 new jobs are expected in Far West Texas as Amazon and Wiwynn plan a facility expansion in Socorro, Texas.The expansion is expected to create nearly 1,000 new advanced manufacturing jobs by the end ...
Plains All American planning Cactus III expansion
Plains All American announced plans for a 75,000 barrel a day expansion of its Cactus III pipeline, originally the EPIC pipeline.Courtesy Plains All AmericanHeavily utilized pipelines carrying crude oil from th...
Midland approves $5 million grant for a vertical space launch range
A Minotaur IV rocket lifts off from NASA's Wallops Island Flight Facility, the Mid-Atlantic Regional Spaceport, into the summer sky. Viewed from neighboring Chincoteague Island, Virginia.Zach Frailey/Getty Imag...
Targa also plans three new gas processing plants
ExxonMobil and Targa Resources have announced 20-year agreements for acreage dedication in both the Midland and Delaware basins.Courtesy ExxonMobilExxonMobil and Targa Resources are putting strategies in place ...
Armadillo to add workforce housing for data center contractors
Armadillo Workforce Housing is expanding its modular workforce housing fleet to accommodate data center contractors, with the biggest expansion happening in its Pecos location.Courtesy Armadillo Workforce Housi...
City Council approves AST & Science to expand operations at Midland Airport
City Council approves AST & Science to expand operations at Midland Airport CBS7
Tax Increment Reinvestment Zones set to transform Midland's economy
Tax Increment Reinvestment Zones set to transform Midland's economy Midland Reporter-Telegram
Bass Pro Shops plans to move from Midland to Odessa
Bass Pro Shops plans to move from Midland to Odessa CBS7
Midland leads Texas in job growth, Bureau of Labor Statistics says
Midland leads Texas in job growth, Bureau of Labor Statistics says
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