Midland Development Corporation Board Binder Open Session April 2026
MDC Approves Incentive Deal for Veterinary Hospital
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Description
The Midland Development Corporation authorized an economic development agreement with Midland 2025 MSO, LLC to support construction of the Midland Veterinary Diagnostic & Surgical Hospital. MDC will provide up to $160,000 in performance-based job creation incentives in exchange for at least $4 million in capital investment and creation of 32 full-time jobs through 2034, under a term running to December 31, 2035.
Contract Details
Contract Amount
Not to exceed $160,000 in total job creation incentives
Vendor
MIDLAND 2025 MSO LLC
Agency
DOWNTOWN MIDLAND MANAGEMENT DISTRICT, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 12, 2026
Contract Term
Effective April 28, 2026 through December 31, 2035
Renewal Date
2035-12-31
Renewal Info
Initial term runs through December 31, 2035; MDC’s incentive obligation is capped at $160,000 and is performance-based, with clawback and termination provisions for noncompliance. No automatic renewals specified; any amendment requires MDC Board and Midland City Council approval.
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City of Midland Council Meeting Minutes April 2026
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City of Midland City Council Regular Meeting Minutes April 28, 2026
City of Midland City Council Regular Meeting Minutes April 28, 2026
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