McKinney Economic Development Corporation

Supports economic growth in McKinney, Texas through municipal grants, relocation help, and expansion incentives for growing firms.

McKinney Economic Development Corporation is the city-backed economic development corporation for McKinney, Texas, funded by local sales tax and organized under Texas Type-A statute. It works as a public instrument for startup attraction, relocation, and expansion, with a record since 2020 of supporting 45 startups and helping generate roughly 931 local jobs at average salaries above $80,000. Its emphasis is commercial growth, not research funding.

The corporation's main route is the McKinney Innovation Fund, which is built around three grant tiers: a Growth Grant of up to $200,000, an Expansion Grant of up to $500,000, and a Recruitment Grant of up to $500,000. The fund is aimed at tech startups and growing companies in software, AI, cybersecurity, fintech, life sciences, and adjacent deep-tech fields. Typical terms are performance-based, with staged payments tied to milestones, and the program is designed for companies that will place their primary headquarters in McKinney. Non-U.S. founders are explicitly eligible when they are expanding into the United States.

McKinney EDC works like a city growth office with money attached. Applicants are expected to use the Founder Funding Kit, show a credible hiring or relocation path, and accept the local operating commitment that comes with a headquarters move or expansion. The Recruitment Grant is oriented toward companies with 15 to 50-plus employees, the Expansion Grant looks for a year or more of local traction, and the Growth Grant serves earlier-stage teams that still need a push to get established. That structure makes the corporation most useful when a company needs a negotiated relocation or scale package rather than a traditional open-call grant.