The City of McKinney and the McKinney Economic Development Corporation (MEDC) provide incentives to qualifying businesses wanting to develop a business presence at the McKinney National Airport.
The MEDC determines the amount of the incentive based on several factors:
Business personal property (aircraft) brought to McKinney
Number of jobs / annual payroll either new or relocated to McKinney
Taxable amount of new real property improvement (hangars / office)
The sustainability of a project can also influence the amount of the incentive. Funds can be used for infrastructure, relocation, training and other business necessities.
The McKinney National Airport is focused on a regional approach to encourage economic development within the area. In addition to the above, a regional financial incentive initiative agreement has been created by the the City of McKinney to attract business prospects of all Collin County jurisdictions to base aircraft at the airport.