McKinney’s political leaders and business community gathered at the McKinney National Airport on Thursday to celebrate 20 years of success of the McKinney Economic Development Corporation. Established in 1993, MEDC was created to “support the development, expansion and relocation of new and existing companies.”
Mayor Brian Loughmiller thanked the business leaders who attended the event. Loughmiller said, “We found out that McKinney, Texas is the No. 2 zip code in the United States that is the most sought after, which brings home an important message. We have a lot of opportunities in our community from a development standpoint and I think it’s very important that we recognize that it’s our responsibility, as a community, as a council, as members of a board in the city, to promote this city and to be good stewards of this city.”
Loughmiller said, “Our council is going to continue to work on strategic planning as we move into 2014. We are going to continue to work on tax policies. We’ve laid out a plan as we go into the next four or five years for reduction of our taxes.”
The mayor also said that the City Council looks to the Economic Development Board to help with its strategic planning from a development standpoint.
“We certainly look to our stakeholders in the community to help us shape this wonderful community that we live in,” Mayor Loughmiller said.
City Manager Jason Gray also thanked McKinney’s business partners, noting some of the larger projects that the city has accomplished this year, including Raytheon Space and Airborne Systems’ relocation of its headquarters from California to McKinney. Gray also noted that Emerson Process Management recently opened up its new headquarters as part of the Gateway development; Wistron GreenTech, a global Fortune 500 company, moved its operations to McKinney; and Encore Wire continues to experience large growth.
Economic development continues to be one of the top priorities of council to ensure that the city is providing a strong tax base for the community, Gray said.