McKinney Innovation Fund — Recruitment Grant

The McKinney Innovation Fund is run by the McKinney Economic Development Corporation in McKinney, Texas, as part of the city’s push to attract and keep tech employers. The broader fund has three tracks: a Growth Grant for early-stage startups, an Expansion Grant for companies with local traction, and the Recruitment Grant for later-stage firms relocating headquarters. In this track, the fund is built for companies that can bring jobs, payroll, and a long-term operating footprint into the city. The Recruitment Grant reaches up to $500,000, with the award sized against jobs created and the salaries tied to those jobs. Companies must place their primary headquarters in McKinney and keep it there for at least three years. The public materials point to a rolling intake rather than a fixed deadline, and the 2024 expansion announcement widened the lane to later-stage and international founders. The strongest fit is a tech company ready to commit to local hiring and a durable headquarters move, not a team looking for small experimental capital. The fund is most persuasive when the company can show a credible employment plan, a realistic salary base, and a reason to anchor its U.S. presence in McKinney’s ecosystem. That makes it a relocation tool with a clear economic-development angle.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.