The Midland Development Corporation (MDC), created in January 2002, offers incentives to qualified new and existing employers who create jobs for the community. Midland voters made these incentives possible when they approved a quarter-cent increase in the local sales tax rate, with additional revenues earmarked to promote economic development and diversification. MDC's mission is to promote and advance opportunities that enhance and diversify the strength and stability of the Midland economy. A five-member board appointed by the City Council governs the Midland Development Corporation.