The expansion, which was made possible through funding award by the MEDC's recently launched Innovation Fund, will include the creation of 18 new, highly technical software engineering jobs over the next three years, according to a McKinney Economic Development Corp. news release. The new positions, when filled, will nearly double the company’s current workforce, bringing its total number of employees to 31.
Blockit delivers advanced technology solutions in an effort to connect different healthcare data systems for the purpose of easing the administrative burden on physicians, the release said.
“This fund is the real deal,” Blockit CEO Jake McCarley said in the release. “It is providing a solution specific to startup scaleability that most current economic incentives do not. The MEDC team also knows the life cycle of a startup and that shows in this new incentive program.”
The Innovation Fund, which was launched in January, is a way for the MEDC to award grant funding to startups and other companies that do not necessarily qualify for traditional economic incentives, MEDC Senior Vice President Danny Chavez said.
“The city and the environment have been positive, we benefit from the growth of our industry here and we think tech companies will continue to flock to McKinney,” McCarley said.
This aligns with the corporation's goal of growing McKinney's tech industry, especially along to SH 121 corridor, Chavez said. The fund also looks to expand and diversify the city's existing employer base, he said.
Applications and eligibility information for the Innovation Fund can be found on the MEDC website.