MIDLAND, TX (KWES) - The Midland Development Corporation is spending some big bucks in hopes of bringing more physicians to the city.

The MDC will reportedly reimburse Midland Health four million dollars in increments through 2025 for physician recruitment-related costs. The deal is part of an extension to an agreement that has been in place for four years and helped bring dozens of physicians to the area.

“Recruiting a physician is very expensive and very time consuming," said Cory Edmundson, Senior Vice President of Midland Health. "Funding for the MDC allows us to be competitive in the market.”

Thanks to the funding received from the Midland Development Corporation, Midland Health is able to offer physicians signing bonuses, stipends and the coverage of costs to visit Midland.