XCOR was trying to keep this story secret until Monday, but the news leaked in Midland.
The company is being offered an incentive deal of about $10 million to create a corporate headquarters in Midland that eventually would include enough employees to necessitate a $12 million payroll, said Robert Rendall, MDC board secretary, who’s been working on the project.
Andrew Nelson, chief operating officer for XCOR, said Midland had been on its radar so when executives received a call from the MDC they were interested in learning more. Between the weather, the open space around Midland International Airport and the business climate, Nelson said Midland is an ideal place for them.
