Summary

Economic development board approves projects

McKinneyNov 18, 20252 min read

At a glance

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The board unanimously approved September 2025 financials, a project called Project Bronze Wattle, an amended agreement for ILS Gummies, and an amended employment agreement for the MEDC President.

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The McKinney Economic Development McKinney Economic Development Deliberation Regarding Economic Development Community Development

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McKinney Economic Development Corporation

Topics discussed

Budget & TaxCommerce

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What this means

The McKinney Economic Development Corporation approved its September 2025 financial report and several executive-session actions. Those included support for Project Bronze Wattle, an amendment to the ILS Gummies agreement, and an amendment to the MEDC President’s employment agreement. The financial report showed $2.1 million in sales tax revenue for September and $24.4 million year-to-date, with total year-to-date revenue of $89.9 million.

Key decisions

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Approved the October 21, 2025 meeting minutes unanimously.
Approved the September 2025 financials unanimously.
Approved Project Bronze Wattle after executive session.
Approved an amendment to the agreement for ILS Gummies after executive session.
Approved an amendment to the MEDC President's employment agreement after executive session.

Timeline & follow-ups

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Meeting information

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McKinney Economic Development Corporation

Nov 18, 2025, 8:00 AMCouncil Chambers 401 E. Virginia Street McKinney, TX 75069scheduled

Agenda

PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551.002, A QUORUM OF THE CITY COUNCIL MAY BE PRESENT. NO CITY COUNCIL ACTION WILL BE TAKEN.
CALL TO ORDER
WATCH THE BROADCAST LIVE
This meeting will be streamed through the City's website. Members of the public who wish to watch the meeting may do so on http://mckinneytx.new.swagit.com/views/130
PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Items)
If you wish to address the Board on a posted item on this agenda, please fill out a "Request to Speak" card and present it to the Clerk before the meeting. Speakers wishing to address the Board regarding any non-public hearing item on this agenda shall have a time limit of three (3) minutes per speaker, per agenda item. The Board Chair may reduce the speaker time limit uniformly to accommodate the number of speakers or improve meeting efficiency.
CONSENT ITEMS
This portion of the agenda consists of non-controversial or housekeeping items required by law. Items may be considered individually by the Board member making such request prior to a motion and vote on the Consent Items.
Minutes of the McKinney Economic Development Corporation Meeting of October 21, 2025
REPORTS
Board and Liaison Updates City of McKinney Community Development Corporation Visit McKinney MEDC Committee Updates Board Chairman
Consider/Discuss MEDC Monthly Reports
REGULAR AGENDA
Consider/Discuss/Act on the September 2025 Financials
PUBLIC COMMENTS REGARDING MATTERS NOT ON THE AGENDA
BOARD COMMENTS
Board comments relating to items of public interest: Announcements regarding local or regional civic and charitable events, staff recognition, commendation of citizens, upcoming meetings, informational update on projects, awards, acknowledgement of meeting attendees, birthdays, requests for items to be placed on upcoming agendas, and condolences.
EXECUTIVE SESSION
In accordance with the Texas Government Code: A. Section 551.071(2) Consultations with Attorney on any Work Session, Special or Regular Session agenda item requiring confidential, attorney/client advice necessitated by the deliberation or discussion of said items (as needed) and legal consultation on the following item(s), if any: B. Section 551.072. Deliberations about Real Property •42.5348 Acres in the George Fitzhugh Survey, Tract 8, City of McKinney •Strategic Real Estate Acquisitions C. Section 551.074. Personnel Matters •MEDC President Annual Performance Evaluation D. Section 551.087. Deliberation Regarding Economic Development Matters •Project Durant •Project Terrigen •Project Mirage •Project Semper Fi •Project Bronze Wattle •ILS Gummies •Venu Holding Corporation
ACTION ON EXECUTIVE SESSION
ADJOURN
Posted in accordance with Texas Government Code, Chapter 551, on the 12th day of November, 2025 at or before 5:00 p.m. ___________________________ Michael A. Kowski Jr. President & CEO
In accordance with the Americans with Disabilities Act, it is the policy of the City of McKinney to offer its public programs, services, and meetings in a manner that is readily accessible to everyone, including individuals with disabilities. If you are a person with a disability and require information or materials in an appropriate alternative format; or if you require any other accommodation, please contact the ADA Coordinator at least 48 hours in advance of the event. Email contact-adacompliance@mckinneytexas.org. Advance notification within this guideline will enable the City to make reasonable arrangements to ensure accessibility. ADA grievances may also be directed to the ADA Coordinator or filed online at http://www.mckinneytexas.org/ada.
In accordance with the Texas Government Code: A. Section 551.071(2) Consultations with Attorney on any Work Session, Special or Regular Session agenda item requiring confidential, attorney/client advice necessitated by the deliberation or discussion of said items (as needed) and legal consultation on the following item(s), if any: B. Section 551.072. Deliberations about Real Property •42.5348 Acres in the George Fitzhugh Survey, Tract 8, City of McKinney •Strategic Real Estate Acquisitions C. Section 551.074. Personnel Matters •MEDC President Annual Performance Evaluation D. Section 551.087. Deliberation Regarding Economic Development Matters •Project Durant •Project Terrigen •Project Mirage •Project Semper Fi •Project Bronze Wattle •ILS Gummies •Venu Holding Corporation
In accordance with the Texas Government Code: A. Section 551.071(2) Consultations with Attorney on any Work Session, Special or Regular Session agenda item requiring confidential, attorney/client advice necessitated by the deliberation or discussion of said items (as needed) and legal consultation on the following item(s), if any: B. Section 551.072. Deliberations about Real Property •42.5348 Acres in the George Fitzhugh Survey, Tract 8, City of McKinney •Strategic Real Estate Acquisitions C. Section 551.074. Personnel Matters •MEDC President Annual Performance Evaluation D. Section 551.087. Deliberation Regarding Economic Development Matters •Project Durant •Project Terrigen •Project Mirage •Project Semper Fi •Project Bronze Wattle •ILS Gummies •Venu Holding Corporation

Economic development board approves projects

At a glance

Projects mentioned

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What this means

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Timeline & follow-ups

Meeting information

McKinney Economic Development Corporation

Agenda

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