The Waco Tribune reports on SpaceX’s plan to expand its test facility in McGregor, Texas:
The SpaceX rocket-making plant in McGregor is poised to spend $46 million on an expansion that would create 300 new full-time jobs.
Waco City Council on Tuesday will vote on giving Space Exploration Technologies Corp. up to $1.5 million in economic development money.
McLennan County commissioners will vote later this month on allocating $1.5 million to SpaceX for the project, giving the Hawthorne, California-based company a total of $3 million in funds from the Waco-McLennan County Economic Development Corp. war chest used to attract and keep industry.
[SpaceX] began in 2003 using land in McGregor’s industrial park for research and rocket testing, and recently expanded its lease from 922 acres to 4,280 acres.
In a report prepared by the city of Waco’s economic development staff, SpaceX is proposing to invest $46.3 million in the site during the next five years. That will consist of about $32.4 million in real property improvements and $13.9 million in personal property improvements.