MEDCO was established by resolution of the City of Marshall after an overwhelming vote by its citizens to support economic development through a local 1/2 cent sales tax.
MEDCO is a nonprofit corporation which was licensed by the State of Texas in 1991 under the Development Corporation Act of 1979. It operates under a 501-c-3 designation from the Internal Revenue Service.
The specific purposes of MEDCO are 1.) the promotion and assistance of industrial & manufacturing businesses in relocating to Marshall and Harrison County, Texas, and 2.) the expansion and retention of existing local businesses.
MEDCO is operated by a five (5) member board which is appointed by the City of Marshall, and has a full-time Executive Director and office. The local portion of the 1/2 cent sales tax amounts to over $1,000,000 a year. This is available locally for economic development support.
MEDCO owns and operates the Marshall Business Park, which is a 600-acre site within the City of Marshall. This site is immediately adjacent to Loop highway access and is serviced by rail, gas, water, sewer, and electricity.
In addition to local monetary assistance, MEDCO will work with any business prospect to assist or provide other appropriate local incentives, including: