The Emerging Technology Program helps facilitate the expansion of high-tech industry and job growth. This specific initiative includes working with state, regional and local resources to identify potential areas of development.
The McKinney Economic Development Corporation (MEDC) offers incentives to high tech start-up companies that are in the process of growing. Each awarded company must demonstrate that its technology fits MEDC’s technology targets and that it has intellectual property ownership, angel investors and the financial ability to execute a commercial lease.
Pending MEDC board approval, the company is eligible for MEDC's Emerging Technology Program in the form of real estate rental cost assistance with a maximum of $50,000 per year. The Emerging Technology fund for incentives is limited. Incentives are awarded on a first-come, first-served basis.