At a joint meeting Oct. 27, the McKinney Economic Development Corporation reviewed progress on an update to its 2023–2026 strategic plan with Newmark serving as lead consultant; staff said a final recommendation will be returned to the EDC and council in a few months.

Following a closed executive session, the MEDC board voted to authorize the corporation's president to negotiate per terms agreed in executive session for 'Project Ivy.' The motion was moved by Thad and seconded; the chair announced the motion passed.

The board approved a fiscal-year budget amendment to record a $23 million land sale to Cannon Beach (with an $8 million down payment and a $16 million note) and related accounting entries; staff said the amendment merely formalizes past transactions.

After an executive session, the McKinney EDC board voted to give staff authority to negotiate a new contract with Plug and Play within the parameters discussed in closed session.

Economic development staff reported that EDC-funded BRE activities have led to $541 million in verified capital investment and 1,800 new jobs; staff also noted 114 business visits so far this fiscal year and a new McKinney business resource guide.

MEDC announced a major advanced-manufacturing investment in McKinney described as "over $900,000,000," noting the project will create permanent jobs and is expected to spur supplier and related company interest in the area.

At a morning meeting, the McKinney Economic Development Corporation reappointed board officers, approved consent minutes and July/August financial reports, and authorized staff to continue negotiations on two economic development projects after an executive session.

Councilman Franklin motioned to appoint Brian Lochmiller and Chantal Cadala to board positions.

McKinney showcases unique innovation fund, impressing attendees at major tech conference.

Paul Grimes announces upcoming relocation and key events in McKinney during council meeting.