Mansfield Economic Development Corporation

What Mansfield Economic Development Corporation does

Mansfield Economic Development Corporation (MEDC) is a municipal economic development corporation operating as the economic development arm of the City of Mansfield, Texas. Headquartered at 1200 E Broad Street, Mansfield, TX 76063, the organization is a Texas-certified EDC funded through dedicated sales tax revenue, debt bonds, and Tax Increment Reinvestment Zone (TIRZ) financing. It operates with a small professional staff of 6-7 members, including specialists in business retention and expansion, marketing and innovation, and economic development representation.

MEDC's core service offering is a portfolio of business attraction, retention, and expansion programs targeting site selectors and corporate decision-makers across the DFW metroplex. Core services include the Business Retention and Expansion Program (BREP), a comprehensive business incentive suite (industrial revenue bonds, tax abatements, 380 Agreements, Triple Freeport Tax Exemptions), workforce development services connecting employers to MISD academies and DFW labor data, and an Interactive GIS Mapping Tool for site selection. It also facilitates access to state programs including the Texas Enterprise Fund, Texas Enterprise Zone Program, Skills Development Fund, and local grants (Construction Sales Tax Grant, Façade Improvement Grants, Retail Rent Assistance). MEDC pursues both proactive direct engagement with prospective businesses and event-driven outreach through Workforce Summits, Business Expos, Lunch & Learn sessions, and Ben Barber Innovation Academy tours.

Beyond services, MEDC curates and co-develops major real estate projects that anchor Mansfield's growth strategy. These include The LinQ (240,000 sq ft Class A+ innovation district), The Mansfield Innovation Community (The MIC, 240,000 sq ft Class A+ office), The Canals (150-acre riverfront mixed-use with new City Hall), Historic Downtown Mansfield revitalization, and the flagship $2.5 billion Staybolt Street Entertainment District (100-acre mixed-use anchored by a 7,500-seat multi-sport stadium opening 2026). MEDC does not charge fees for its services and generates no commercial revenue from customers; its "customers" in the traditional sense are the businesses it recruits and retains (anchors include Mouser Electronics, Klein Tools, Sellmark, Crystal Window and Door Systems) and the broader Mansfield workforce and taxpayer base.

Name

Mansfield Economic Development Corporation

Legal name

Mansfield Texas Economic Development Corporation

Website

https://mansfield-texas.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Mansfield Economic Development Corporation is a Texas municipal economic development corporation that funds business attraction, retention, and expansion through sales tax revenue, debt bonds, and TIRZ financing, serving prospective and existing businesses across the south-central DFW metroplex.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of General Economic Programs (92611), Administration of Housing Programs, Urban Planning, and Community Development (925)

SIC

Services-Management Services (8741)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industry

State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM)

Keywords

• Economic development services
• Business incentive programs
• Site selection assistance
• Workforce development programs
• Business retention expansion

Headquarters

HQ city

Mansfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Economic Development Services: The EDC operates as a municipal economic development corporation funded through city resources, sales tax revenue, and TIRZ (Tax Increment Reinvestment Zone) financing to support business attraction, retention, and development projects.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Mansfield Economic Development Corporation (MEDC) delivers municipal economic development services for the City of Mansfield, Texas, including business attraction, retention, and expansion support through incentive program administration, site selection assistance, workforce development, and pre-application permitting. The organization also manages and promotes major real estate development projects including The LinQ innovation district, Staybolt Street Entertainment District, The Canals mixed-use development, and Historic Downtown Mansfield revitalization.

Product overview

Mansfield Economic Development Corporation is a municipal economic development organization that serves as a one-stop resource for business relocation, expansion, and startup support in Mansfield, Texas. Rather than a single unified product, the organization offers a portfolio of economic development services and manages major real estate development projects. Core services include the Business Retention and Expansion Program (BREP), workforce development, property search tools, and various business incentive programs. Major development projects include The LinQ (innovation district), Staybolt Street Entertainment District ($2.5B mixed-use), The Canals (riverfront mixed-use), and Historic Downtown revitalization.

Differentiator

Problem solved

Functional benefit

Products and services

• The LinQ Innovation District Master-planned innovation community along Heritage Parkway featuring 240,000 square feet of Class A-plus offices, live-work-play amenities, tech incubator space, lab space for life sciences companies, and prototyping spaces for robotics and advanced manufacturing, serving as the only innovation hub centered in the south part of the DFW metroplex.
• Staybolt Street Entertainment District $2.5 billion mixed-use entertainment district featuring a 7,500-seat multi-sport stadium (Mansfield Stadium), High 5 Mansfield family entertainment venue, Hotel Carbon (175 rooms) and a 150-room independent hotel, conference center, 700 single-family homes, and retail/restaurant space on a 100-acre footprint.
• The Canals at Mansfield Approximately 150-acre vertical mixed-use riverfront development featuring corporate and medical offices, single and multi-family residential housing, retail, restaurant space, a one-mile navigable river canal with lakes, central park, and the new City Hall.
• Historic Downtown Mansfield Revitalization of historic downtown featuring Geyer Commons shopping and lifestyle destination, Water Mill District mixed-use development with 100 apartment units, and Main District Townhomes luxury townhome community at 301 S Main St.
• Business Retention and Expansion Program (BREP) Economic development support program offering infrastructure development, workforce training partnerships, industrial revenue bonds, extended tax abatement terms, Triple Freeport Tax Exemptions, and 380 Agreements to help existing Mansfield businesses grow and remain competitive.
• Business Incentive Programs Suite of incentive programs including Skills Development Fund, Texas Enterprise Fund, Texas Enterprise Zone Program, Construction Sales Tax Grant, Retail Rent Assistance Grant, Facade Improvement Grants, Grease Trap Grant, Downtown Co-Investment Fund, and Historic Core Catalyst Fund.
• Interactive GIS Property Search Tool Interactive online mapping tool providing extensive parcel and property information for site selection and business location decisions in the Mansfield area.
• Workforce Development Services Workforce talent services connecting employers with labor market data, recruiting support, and connections to local educational institutions including Ben Barber Innovation Academy and Phoenix Academy for early career training.
• Texas Enterprise Fund (TEF) Facilitation State deal-closing cash grant program facilitation for companies creating new jobs with significant capital investment, administered in partnership with the Governor's Office.

Quantifiable outcome

• 504 new jobs created through Crystal Window and Door Systems manufacturing facility
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered key, flagship and core.

• High 5 EntertainmentkeyStrategic or Co-development Partner · 12 November 2025High 5 Mansfield is a 45,000 sq ft family entertainment venue including bowling, arcade, mini golf, and rooftop concert space in Staybolt Street district. First location in North Texas.
• KemperSportskeyStrategic or Co-development Partner · 1 January 2025Operating partner for Fields at Station 63 (formerly Big League Dreams), a 40-acre complex with 8 turf baseball/softball fields, restaurants, and event spaces.
• Hoque GlobalkeyStrategic or Co-development Partner · 1 January 2025Planning $50 million mixed-use development along Smith Street with 249 residential units, 11,700 sq ft office/retail/restaurant space, and 7,800 sq ft civic plaza.
• Crystal Window and Door Systems TX, LTD.flagshipStrategic or Co-development Partner · 28 October 2024Advanced manufacturing facility and regional headquarters creating 504 jobs with $121M capital investment. Texas Enterprise Fund grant of $3.15M plus $15K Veteran Created Job Bonus.
• Fort Worth Chamber Regional Economic Development PartnershipcoreStrategic or Co-development Partner · 11 May 2024Mansfield EDC serves as founding partner in this first-of-its-kind collaboration bringing together nearly 20 municipalities and counties on the western side of DFW. The partnership strengthens community relationships, tracks business trends, shares data and resources, and markets the region as a target destination for relocating companies while supporting existing business retention efforts.
• REV Sports ManagementflagshipStrategic or Co-development Partner · 12 February 2024REV Sports Management serves as operator and design/construction consultant for the multi-use stadium complex. REV is sister company of REV Entertainment, official events partner for World Champion Texas Rangers, Globe Life Field, and Choctaw Stadium.
• FC DallasflagshipStrategic or Co-development Partner · 12 February 2024FC Dallas assists in stadium design and construction, leads sports programming including youth soccer and international tournaments. FC Dallas is owned by Hunt Sports LLC and operates Toyota Stadium and Soccer Center in Frisco.
• Admiral Legacy InvestmentscoreStrategic or Co-development Partner · 1 January 2023Admiral Legacy Investments is developing The Mansfield Innovation Community (The MIC) with 240,000 sq ft of Class A+ office space on 18 acres of EDC-owned property. The city has a master lease agreement for 50% of space and is providing $7.5M infrastructure grant.
• Texas Tech University Health Sciences Center School of NursingcoreStrategic or Co-development PartnerNursing education program based at Methodist Mansfield Medical Center, graduating students to address healthcare workforce shortage. Program has 80+ students in pipeline and graduates three times per year.
• Methodist Mansfield Medical CentercoreStrategic or Co-development PartnerHost site for Texas Tech nursing program and major healthcare provider in the community with 294-bed facility and advanced certifications.
• Mansfield Independent School DistrictcoreStrategic or Co-development PartnerMISD is one of the city's largest employers and provides workforce development through STEM academies, CTE Academy, Early College High School, Phoenix Academy, and Ben Barber Innovation Academy.
• Mansfield Canals Development PartnerskeyStrategic or Co-development Partner150-acre vertical mixed-use development featuring river canal with double-sided real estate, central park, and new City Hall relocation.

Scale indicators21 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Greater Houston Partnership: Large metropolitan economic development organization covering the Houston region — broader scope than MEDC but uses comparable corporate-attraction, incentive-navigation and site-selection services.
• Fort Worth Chamber of Commerce: Regional chamber operating the Western DFW Economic Development Partnership in which MEDC is a founding partner; broader regional mandate than MEDC but overlapping target industries and shared pipeline.

Direct peers

• McKinney Economic Development Corporation: Texas municipal EDC of comparable size in the DFW metroplex using the same Type B sales-tax-funded model to attract employers and manage development projects — directly comparable structure and target industries to MEDC.
• Arlington Economic Development Corporation: DFW municipal EDC of similar structure with comparable sales-tax funding, focused on entertainment/sports (AT&T Stadium, Globe Life Field) — closely mirrors Mansfield's Staybolt Street strategy.
• Irving Economic Development Partnership: DFW-area economic development organization operating with similar corporate-attraction and incentive program mandate, and a comparable Las Colinas-style mixed-use development focus.
• Plano Economic Development: Municipal economic development entity in the north DFW corridor pursuing corporate HQ and innovation tenants; competes with Mansfield in the broader DFW relocation market.
• Frisco Economic Development Corporation: DFW municipal EDC focused on corporate HQ attraction, innovation, and sports/entertainment development (including The Star, PGA HQ). Competes with Mansfield for the same corporate relocation and innovation tenants.
• Allen Economic Development Corporation: DFW-area Type B EDC of similar scale pursuing corporate headquarters, advanced manufacturing, and mixed-use development — comparable operating model, funding mechanism, and target employer profile.

Others

• Hanover Property Company: Long-tenured Mansfield real estate developer (25+ years in Mansfield) that is both a customer and ecosystem partner of MEDC, providing a directly comparable lens into Mansfield's residential and mixed-use development pipeline.

Regional players

• Round Rock Economic Development Partnership: Texas Type B EDC of similar structure outside DFW (Austin metro); comparable funding model and target-industry approach but operating in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mansfield-economic-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Mansfield Economic Development Corporation