Vector Space Systems has found a home in Tucson, Ariz.
Vector Space Systems plans to open a Tucson headquarters and manufacturing plant to make rockets for launching small satellites into space.
The Tucson-based company is expected to create 200 jobs locally within three years of beginning operations, at an average annual salary of $70,000. It could employ as many as 500 people within five years as production ramps up, said its co-founder and CEO, Jim Cantrell.
Vector plans to invest roughly $19 million during the first three years, and possibly as much as $50 million over the next 15 years, according to Pima County officials. The total direct economic impact of the facility could be $290 million over five years, says an analysis by Phoenix-based Applied Economics completed for Sun Corridor Inc., the local economic-development agency.
The company plans to build 36,000 square feet of office space and another 40,000 square feet for manufacturing south of Tucson International Airport.
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