MEDC reports $1.5 billion in recent investment, outlines pipeline and new innovation initiative

Mister Kalski, representing the McKinney Economic Development Corporation (MEDC), told the McKinney City Council and the MEDC board on Oct. 28 that the organization has supported about $1.5 billion in capital investment and 3,000 new jobs over the past 12–18 months and is overseeing a pipeline he estimated at $1.3 billion with another 5,000 potential jobs.

The update, given during the council’s single agenda item — 25-3326, a MEDC update — outlined recent project wins, inventory of MEDC-controlled land, workplace and innovation initiatives, and performance metrics including return on investment and incentive practices. The presentation concluded before an executive session; no formal policy actions on the MEDC report were taken after that session.

The reported projects that MEDC highlighted included new or incoming private investments the presenter identified as Cannon Beach, Renan (a battery manufacturer), a JW Marriott, Sysicom at 121 District, and Maverick Power, which the presentation described as a fast-growing company relocating to McKinney. The presentation also cited a large wire-manufacturing investment described as “Acura Wire” acquired by Prismian and a major insurance-sector employer referred to in the talk as “Global Life.” MEDC said it…