News & Events in McKinney, TX

Here’s an update on the latest news and events taking place in McKinney, Texas:

Expansions/Relocations

A Vector Systems subsidiary, VAWT Manufacturing, is launching a new production line of V100 Energy Ball wind turbines. In August, the McKinney-based VAWT landed a contract with the Netherland-based company Home Energy to produce up to 1,000 turbines a year for its Canada, Mexico and the United States markets. In addition, Vector is adding 18,000 sf to its current facility.

Statlab moved its business from Lewisville to McKinney last month after constructing a new building in Interchange Business Park. The company packages and distributes specialty laboratory products to anatomic pathology labs across the U.S.

Tong Yang is installing a $700,000 injection molding machine at the McKinney location in November.

Veneerstone, a cutting-edge materials producer, has moved its operations to McKinney and is currently renovating an existing 85,000 sf building. Company officials plan to employ 200 by the end of 2009.

In October, Collin County Regional Airport (TKI) unveiled an expanded fuel farm, a new perimeter access road, a high-tech perimeter access control management system, and the third of three taxi-lanes which adds 30 additional acres for private hangar development. Construction will begin soon on a future replacement runway. Texas Instruments, Hewlett-Packard, Crossmark and PinJet base their business aircraft at the airport.

Pogue Construction, Pogue Engineering and The Pogue Group moved into their new 33,000 SF corporate headquarters building in University Business Park in October.

Developments

Paul Kite Company, an Indiana-based developer, will build a $200 million, 200,000 sf data center in McKinney that will employ about 75 people.

In April, Methodist Healthcare System broke ground on 65,000 sf, $42 million hospital at Stonebridge Ranch.

Construction began in May on the Hospital at Craig Ranch — a $30 million, 24-bed specialty hospital and office building in adjacent to the Michael Johnson Performance Training Center at Craig Ranch.

In late September, Baylor Health Care System broke ground on a $150 million, 95-bed, full-service hospital and eight-story office building at the corner of US 380 and Lake Forest Drive.

Other News

In 2008, McKinney was ranked in the top 100 wealthiest cities in the nation by American Business Journals and was listed in Money Magazine’s top 15 “Best Places to Live”.

McKinney has been one of the top fastest growing cities in the nation since 2000. In 2008, it ranked third behind New Orleans and Victorville, California.