Contract signed: Aug. 19, 2009
Education contract: The MDC agreed to pay a $20,000 forgivable loan to Midland College if the college offered a wind energy training course eight times.
Today: Contract was fulfilled through continuing education courses offered.
Airport hangar renovation
Contract signed: March 1, 2010
Infrastructure agreement: The MDC and the city agreed to develop a comprehensive marketing plan for and make improvements to Hangar S-11A. The city is not to rent the hangar to any business not related to the aviation industry.
Contract signed: May 19, 2010
Jobs: Apache agreed to bring 51 jobs to Midland with total salaries of at least $5 million. It had 19 employees in Midland in January 2010 and a payroll of $1.48 million.
Investment: The company agreed to invest at least $750,000 by January 2011.
Incentive: A forgivable loan of $250,000 to be paid in two installments is being provided by the MDC. The first half was paid in May of this year and the next half will be provided in May 2012 if all 51 jobs still exist.
Today: Apache has 202 employees in Midland and a payroll of more than $18 million, said John Christmann, vice president of the Permian Region.
West Texas Coalition for Innovation and Commercialization (WTCIC):
Contract signed: May 28, 2010
Education agreement: The MDC as well as Abilene, Amarillo, Lubbock and San Angelo each provided $25,000 to the WTCIC, which was the regional center that supported the Texas Emerging Technologies Fund.
Texas Tech University
Contract signed: May 28, 2010
Education agreement: The MDC gave $75,000 in July 2010 and $10,000 in November 2010. The payments were made to further work at the National Institute for Renewable Energy and the National Wind Resource Center.
UTPB CEED Building
Contract signed: Nov. 19, 2010
Education agreement: The MDC provided $10,000 toward research and new technologies that are meant to enhance economic development in the future in the region.
Airways Drive Improvements
Contract signed: Dec. 15, 2010
Infrastructure agreement: The MDC agreed with the city to provide $171,123 toward improvements on Airways Drive between Loop 40 and Windecker Drive. The changes are expected to facilitate commercial and industrial development in the area.
State Highway 191
Contract signed: March 25, 2011
Infrastructure investment: The MDC agreed to provide the city up to $6 million for the addition of water lines along State Highway 191 between Loop 250 and Farm-to-Market Road 1788.
Contract signed: Sept. 26, 2011
Jobs: Baker Hughes anticipates creating 64 new jobs by Dec. 31, 2014 with total salaries and wages of at least $3 million.
Investment: The company agrees to spend at least $16 million in capital investments by December 2012.
Incentive: The MDC agreed to provide a $250,000 forgivable loan within 30 days of Baker Hughes' certifying it had made $16 million in improvements. Another $200,000 will be provided once the company has certified it created at least $2 million in payroll additions. A final payment of $50,000 will be made if the last $1 million in payroll additions is completed.
Today: No reports since signed in recent weeks.
Source: MDC contracts provided by the City Attorney's Office through a Texas Public Information Act Request and Reporter-Telegram archives.
*Not all categories listed for each agreement were applicable to every contract.
4A Sales tax generated:
FY 11: 6,866,610*
FY 10: 5,678,244
FY 09: 6,271,271
FY 08: 6,235,115
FY 07: 5,502,779
FY 06: 4,748,034
FY 05: 3,951,478
FY 04: 3,537,492
FY 03: 3,304,195
FY 02: 1,056,452
FY 11: $596,941*
FY 10: $700,721
FY 09: $680,385
FY 08: $782,075
FY 07: $646,682
FY 06: $563,515
FY 05: $459,074
FY 04: $468,437
FY 03: $341,276
FY 02: $1,166 for professional services, $40,000 to Chamber
FY11: $234,587.05 on advertising
FY 10: $499,816
FY 09: $385,365
FY 08: $894,064
FY 07: $362,154
FY 06: $385,355
FY 05: $402,207
FY 04: $332,517
FY 03: $289,029
FY 02: Nothing specifically budgeted
Direct business incentives:
FY 11: $125,000 through August/$2.05 million budgeted for
FY 10: $1,723,485
FY 09: $1,985,300
FY 08: $849,662
FY 07: $580,000
FY 06: $505,000
FY 05: $253,875
FY 04: $237,750
FY 03: $244,750
FY 10: $3,146,830
FY 09: $3,228,196
FY 08: $2,665,888
FY 07: $1,739,201
FY 06: $2,414,381
FY 05: $2,944,958
FY 04: $1,754,560
FY 03: $925,055
FY 02: $111,166
FY 10: $27.13 million
FY 09: $24.49 million
FY 08: $21.65 million
FY 07: $17.48 million
FY 06: $13.05 million
FY 05: $9.37 million
FY 04: $6.43 million
FY 03: $3.95 million
FY 02: $1.5 million
*An audit and final numbers for fiscal year 2011 have not been completed. Sales tax collections for September also have not been provided and a final sales tax number will not be available until mid-December.
Source: Midland Development Corp. audits and financial statements provided through a Texas Public Records Request.
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