Truck manufacturer PACCAR Inc. (Nasdaq: PCAR) — a Fortune 500 company — has decided to put its next new manufacturing facility for one of its divisions in McKinney, with the deal slated to become finalized in the next few weeks.

The McKinney Economic Development Corp. has reached an agreement to give PACCAR economic incentives for the deal, which is valued at over $20 million.

Click to read more at Dallas Business Journal.