McKinney has grown from a historic Collin County seat into one of the most desirable business locations in the Dallas-Fort Worth metroplex. With a charming historic downtown, rapidly expanding commercial corridors, and a strong workforce pipeline, McKinney offers opportunities for both established businesses and entrepreneurs. The city's economic development efforts focus on technology, healthcare, manufacturing, and downtown revitalization.
McKinney Economic Development Corporation (MEDC)
MEDC Business Incentives
The McKinney EDC actively recruits and retains businesses through performance-based incentive packages. Programs may include tax abatements, relocation assistance, infrastructure improvements, and cash incentives tied to job creation and capital investment benchmarks. The MEDC focuses on primary employers that bring new dollars into the McKinney economy.
Downtown McKinney Programs
McKinney's historic downtown district has active revitalization programs. Businesses locating in the downtown area may access facade improvement grants, sign grants, and tax increment financing through the city's Tax Increment Reinvestment Zone (TIRZ). These programs help offset renovation and improvement costs in historic structures.
Collin County Resources
As the Collin County seat, McKinney businesses benefit from county-level resources including Workforce Solutions for North Central Texas, property tax abatement programs for qualifying projects, and regional transportation infrastructure investments that support business growth.
Key Industries in McKinney
Technology and Data Centers
McKinney has attracted significant data center development and technology companies. Tech businesses can access R&D tax credits, SBIR/STTR grants, property tax abatements for data center investments, and workforce training grants through Collin College.
Healthcare
Medical Center of McKinney and a growing network of healthcare providers make healthcare a key sector. Healthcare businesses can access workforce training programs, HRSA grants for underserved area providers, and SBA lending for practice expansion.
Manufacturing
McKinney's available land and proximity to highways make it attractive for light manufacturing. Manufacturers can access the manufacturing sales tax exemption, Freeport property tax exemption, Skills Development Fund training grants, and property tax abatements.
State Programs for McKinney Businesses
- Texas Enterprise Fund: Deal-closing grants for major job creation and capital investment projects.
- Skills Development Fund: Workforce training grants through local community colleges and technical institutions.
- Texas HUB Certification: State procurement preferences for historically underutilized businesses. Learn about HUB certification.
- Texas Enterprise Zone Program: State sales tax refunds for businesses creating jobs in designated areas.
Federal Programs
- SBA Loans: 7(a), 504, and microloan programs available through SBA-approved lenders in the region. Learn about SBA 7(a) loans.
- SBIR/STTR: R&D grants for businesses conducting research with commercial potential.
- WOTC: Tax credits of $2,400 to $9,600 per qualifying hire from target groups. Learn about WOTC.
- HUBZone: Federal contracting preferences for businesses in qualifying census tracts.
Find Programs That May Fit Your Business
McKinney businesses are often eligible for multiple programs at the local, state, and federal levels simultaneously. Our free screening report checks your business against 150+ verified programs and shows you which ones may match. Start your free screening →