The McKinney Economic Development Corporation (MEDC) uses its sales tax funds to assist qualifying companies with relocations, expansions, infrastructure or site development needs. The MEDC can also provide relocation and/or job training assistance as well as loans and grants. Additional areas of assistance will be considered. All incentives are subject to approval by the MEDC Board of Directors.
The overall incentive package is determined by one or more of the following criteria:
Amount of new taxes generated by the project
Average wage of those new jobs and the gross annual payroll generated
Environmental sustainability of a project
Number of jobs created
For more information about Business Assistance please contact us.