Texas County Approves Incentives Package for SpaceX

Grasshopper on the pad in Texas. (Credit: SpaceX)

Coryell County commissioners in Texas have approved a package of incentives designed to encourage SpaceX to expand its footprint.

The agreement would provide incentives to stimulate, encourage and develop business location and commercial activity in Coryell County in return for which SpaceX would have to maintain a payroll of about $2 million for employees who live in the county.

SpaceX hasn’t publicly announced any plans to expand beyond the more than 4,000 acres it now leases from the City of McGregor, but if the private space exploration company were to expand across the McLennan County line, Oglesby is the community closest to the rocket motor testing facility.

Texas County Forms Spaceport Development Authority

McLennan_County_flagMcLennan County in Texas — which already boasts SpaceX engine test facility in McGregor — has formed a spaceport development corporation whose goal is to bring more space companies to the county.

McLennan County commissioners voted to approve the incorporation of an entity — along with its bylaws and board of directors — that officials say will be the third of its kind in the state.

County Judge Scott Felton said grant funding is available from the state to assist in the creation and development of a spaceport, which is an area to be used for spaceflight activities, including research, development, testing and more…

The board will review business proposals before applying for state funds held in a Spaceport Trust Fund, which is earmarked for infrastructure and other items needed to pursue spaceflight activities.

Collins said the corporation will help bring aerospace companies to the area by gaining state funding for business creation, growth or expansion.

Midland and Cameron counties so far are the only municipalities to have spaceport development corporations, Collins said.

Read the full story.