The McKinney Economic Development Corporation (MEDC) has announced PACCAR, a Fortune 500 company, held a groundbreaking ceremony today to begin construction on a new manufacturing facility in McKinney for its Dynacraft division. Construction will be completed in 2018.
PACCAR is constructing a 130,000 square foot manufacturing facility located at Wilmeth Road and Redbud Boulevard. Under an incentive agreement with MEDC, the company will bring 200 jobs to the community in the next six years and make capital investments of over $20 million.
PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced diesel engines, provides financial services and information technology, and distributes truck parts related to its principal business.
“We are excited to welcome such a reputable company to McKinney,” said MEDC President Darrell Auterson. "We're continuing to see momentum in the number of business that want to make McKinney home. Partnerships like the one with PACCAR are moving us forward in the right direction."
McKinney, Texas, is unique by nature. As one of the fastest growing cities in America, McKinney has a current population of more than 168,000. The city was #1 on the list of Best Places to Live in America in 2014, published by Money Magazine. Established in 1848, the city is located 30 miles north of Dallas and is the county seat of Collin County. McKinney offers award-winning schools, a vibrant historic downtown, diverse housing options, a robust economy and a uniquely beautiful natural setting, with rolling hills and lush trees.