MEDC hosts TexasOne Recruitment Mission, Board Meeting

McKinney Economic Development Corporation hosted the TexasOne board meeting and recruitment mission, June 23, in Dallas. City of McKinney Mayor Brian Loughmiller and City Councilman David Brooks participated in the event.

Jessica Renier, Senior Economic Analyst and Coordinator of Economic and Financial Analysis for the Federal Reserve Bank of Dallas, provided an overview of the economy but reaffirmed a positive outlook for the Texas economy.

“Texas has a better business climate and lower cost of living than the rest of the country. Home prices did not fall in the southwest like they did in other parts of the country,” she said.

As the major source of economic development marketing funds for the State of Texas, TexasOne has directly enabled strategic economic development outreach at the state level.

In McKinney, state funds were used to finalize the negotiations that resulted in the corporation relocation of Torchmark from Alabama as well as a major relocation of a Raytheon division to McKinney from California. 
 
“Our relationship with the governor’s office strengthens our exposure and negotiating power on a national and global scale, “said David Pitstick, CEO for McKinney Economic Development Corporation. 
 
Morning break-out sessions included national site selectors from PricewaterhouseCoopers; CresaPartners; MAXIMUS Alliance; Binswanger; Site Selection Group; and Deloitte Tax LLP. 

Pictured (L to R):  Aaron Demerson, Director of Economic Development, Texas Governor's Office; Jessica; McKinney Mayor Brian Loughmiller; McKinney Councilman David Brooks; MEDC board member Marta Gore; and, MEDC board Vice-Chair Keith Clifton. 
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