McKinney Community Development Corporation

What McKinney Community Development Corporation does

McKinney Community Development Corporation (MCDC) is a Type B sales tax corporation established by McKinney, Texas voters in 1996 to administer funds generated by a voter-approved half-cent local sales tax for community, cultural, and economic development. The organization is governed by a volunteer board of seven McKinney residents appointed by the City Council and operates under Texas Local Government Code Sections 501 and 505, which define eligible project categories. Since inception, MCDC has distributed over $330 million in grants across the city, and the entity remains actively operating with a current calendar of events, grant cycles, and an annual Quality of Life Award program.

MCDC's core offerings are three grant programs. Project Grants fund quality-of-life infrastructure such as parks, recreational facilities, entertainment venues, McKinney National Airport facilities, low-income housing, and mass transit. Promotional and Community Event Grants provide up to $15,000 per award for tourism and business development initiatives. Retail Development Infrastructure Grants provide up to $50,000 per award (with a 25% applicant match required) for infrastructure improvements at landmark retail properties in historic downtown and gateway locations. Grants are disbursed on a reimbursement basis following board review of applications and, for larger awards, public presentations. Named recipients include the City of McKinney Parks & Recreation, McKinney Performing Arts Center, McKinney National Airport, Collin County Habitat for Humanity, professional and amateur sports organizations, retail businesses, and event promoters.

MCDC is not a commercial enterprise: it generates no product or fee revenue, has no venture capital or private equity backing, and operates with a minimal volunteer governance structure. Its funding is the half-cent sales tax allocation it administers, and its "customers" are grant applicants. Digital infrastructure is built on the CivicPlus Content Management System, with Section 508 and WCAG 2.0 AA accessibility compliance, and outreach to applicants and residents is conducted through the mckinneycdc.org website, Facebook, Twitter, Notify Me email alerts, RSS feeds, and iCalendar subscriptions. The Commercial Property Viewer tool supports the retail development grant program.

Name

McKinney Community Development Corporation

Legal name

McKinney CDC, TX

Website

https://www.mckinneycdc.org/

Company type

Private

Operating status

Operating

Short description

McKinney Community Development Corporation (MCDC) is a Type B sales tax corporation in McKinney, Texas, administering a voter-approved half-cent sales tax to issue project, event, and retail infrastructure grants that support community and economic development.

Ownership category

akta.pro rank

Product category

Community Development Grants

NAICS

Grantmaking Foundations (813211)

akta.pro primary industry

Grantmaking & Philanthropic Funds (Institutional Donors) (BPADAOAB)

Keywords

• Community development grants
• Sales tax funding
• Economic development
• Municipal grant programs
• Retail infrastructure grants

Headquarters

HQ city

Mckinney

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Half-cent Sales Tax Revenue: McKinney CDC manages funds from a half-cent sales tax generated in McKinney, Texas. These funds are used to offer project grants, promotional and community event grants, and retail development infrastructure grants. The organization has distributed over $330 million in grants since 1996.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

McKinney Community Development Corporation (MCDC) is a Type B sales tax corporation that manages and redistributes funds from a voter-approved half-cent sales tax to support community, cultural, and economic development in McKinney, Texas. Its core offerings are three grant programs: Project Grants (for parks, recreation, entertainment venues, airport facilities, and low-income housing under Texas Local Government Code Sections 501 and 505); Promotional & Community Event Grants (up to $15,000 per grant for tourism and business development events); and Retail Development Infrastructure Grants (up to $50,000 per grant with a 25% match requirement for landmark retail property improvements).

Product overview

McKinney Community Development Corporation (MCDC) operates as a Type B sales tax corporation that manages funds from a half-cent sales tax to enhance the McKinney community. The organization's core offerings consist of three grant programs: Project Grants for quality-of-life improvements including parks, recreational facilities, and housing; Promotional & Community Event Grants (up to $15,000) for tourism and business development; and Retail Development Infrastructure Grants (up to $50,000 with 25% match) for landmark retail property improvements. Supporting infrastructure includes online forms for grant applications and final reporting, a Notify Me notification subscription system for community alerts, RSS and iCalendar feeds for event updates, and a Commercial Property Viewer for retail development information. Since 1996, MCDC has distributed over $330 million in grants.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Grants

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• City of McKinneycoreStrategic or Co-development PartnerMcKinney CDC works closely with the City of McKinney, aligning projects with City strategic priorities. The organization is guided by a volunteer board appointed by City Council and manages funds from a dedicated sales tax.
• McKinney Independent School DistrictminorStrategic or Co-development PartnerMCDC supports projects that benefit the McKinney ISD community, including children's sports facilities and educational programs.
• Chestnut Square Heritage VillagecoreStrategic or Co-development PartnerHosts the McKinney Farmers Market at Heritage Village at Chestnut Square, operating weekly from April through December. MCDC sponsors this community event as part of its quality of life initiatives.
• MillHouse Foundation and McKinney Cotton Mill PartnerscoreStrategic or Co-development PartnerMCDC partners with MillHouse Foundation and Cotton Mill Partners for the Cotton Mill Arts District Atrium Gallery Exhibition and MillHouse Makers Market events, promoting tourism and local artisan engagement.
• McKinney Repertory TheatreminorStrategic or Co-development PartnerCollaborates on The Golden Age Radio Revue theatrical event presented by McKinney Repertory Theatre and Chestnut Square Heritage Village, bringing historic McKinney to life.
• Collin County Habitat for HumanityminorStrategic or Co-development PartnerMCDC supports affordable housing initiatives through partnerships with housing organizations including Habitat for Humanity.
• Visit McKinney (CVB)coreGTM or Marketing PartnerCollaborates on promoting events and tourism initiatives that bring visitors to McKinney's downtown and cultural venues.
• McKinney Economic Development CorporationcoreGTM or Marketing PartnerWorks in coordination with McKinney EDC on economic development initiatives and retail development projects.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• McAllen Community Development Corporation: South Texas Type B CDC deploying sales-tax-derived funds for parks, convention facilities, retail development, and event promotion under the same Texas statutory framework as MCDC.
• Abilene Community Development Corporation: West Texas Type B CDC operating parallel grant programs for civic, recreational, and economic development projects under identical Texas state enabling legislation.
• Plano Community Development Corporation: Larger DFW suburb with a Type B/4B development corporation funding community and economic development via the same Texas Local Government Code Sections 501/505. Larger population and budget but directly comparable grant scope.
• Frisco Community Development Corporation: Frisco's Type B CDC is a near-twin to MCDC: same Texas Type B statutory framework, same half-cent sales tax funding model, same DFW suburban growth profile, and overlapping use cases across parks, events, and retail development. Often cited alongside MCDC in comp set analyses.
• Midland Development Corp. (Type B): Midland's Type B development corporation channels sales tax receipts into community facilities and events under the same statutory framework, providing a comparable program structure in an energy-cycle economy.
• San Marcos Community Development Corporation: Central Texas Type B CDC funding parks, event promotion, and retail infrastructure from a half-cent sales tax — directly comparable to MCDC in size, structure, and use-of-proceeds mix.
• Allen Community Development Corporation: Immediately adjacent DFW suburb operating a 4B sales tax corporation with grant programs for parks, recreation, and community development — closest geographic direct peer to MCDC with comparable budget scale.
• Waco Community Development Corporation: Mid-size Texas city's 4B development corporation using sales tax revenue to fund quality-of-life projects, events, and retail infrastructure — direct comparability in structure and use-of-funds mix.

Others

• Visit McKinney (CVB): MCDC's core GTM/marketing partner for tourism promotion and event coordination; not a competitor but a closely intertwined adjacent organization whose funding and strategic priorities align with MCDC's promotional grant program.
• McKinney Economic Development Corporation (MEDC): Sister quasi-governmental entity in McKinney focused on business attraction/retention and retail recruitment; operates in parallel with MCDC and frequently co-funds projects. Listed as a core GTM/marketing partner.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mckinneycdc
• Facebookfacebook.com/McKinneyCDC

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McKinney Community Development Corporation