SpaceX Starts Construction On Its Boca Chica Beach, Texas, Commercial Launch Facility
09/23/2014
"This announcement represents a huge step forward for our state and continues our nation's proud legacy of scientific advancement," Governor Rick Perry said. "It builds upon our pioneer heritage, our tradition of thinking bigger, dreaming bolder, and daring to do the impossible. SpaceX is the latest in a long line of forward-thinking companies that have made Texas home, and I couldn't be prouder to help break ground on this revolutionary new facility."
Incentives from the Texas Enterprise Fund were instrumental in bringing SpaceX to Texas, with a $2.3 million grant in August that will bring 300 jobs and create $85 million in capital investment in South Texas. The State of Texas is also offering $13 million from the Spaceport Trust Fund to the Cameron County Spaceport Development Corp. The Spaceport Trust Fund was established to help develop the infrastructure necessary for developing a spaceport.
"We appreciate the leadership of Governor Rick Perry and numerous other federal, state and local leaders who have helped make it possible for SpaceX to build the world's first commercial launch complex designed specifically for orbital missions," said Elon Musk, CEO/Chief Designer, SpaceX. "With today's groundbreaking at Boca Chica, we will begin an investment in South Texas that will create hundreds of jobs and over time contribute hundreds of millions of dollars into the local economy."
Governor Perry also announced a Texas Emerging Technology Fund grant to The University of Texas at Brownsville for $4.4 million that will be matched by the University of Texas System for $4.6 million. The TETF grant will go toward the construction of the STARGATE complex, which will use TETF funds to test and commercialize a new phased-array antenna system that will replace fixed satellite-dish tracking communication systems. The STARGATE complex will co-locate the STARGATE laboratories and the SpaceX launch command-and-control center, and will provide opportunities for continuing education in the Science, Technology, Engineering and Math fields.
Project Announcements
Germany-Based ZEISS Expands Chesterfield, Missouri, Research-Production Operations
10/04/2024
Piramal Pharma Solutions Expands Lexington, Kentucky, Operations
10/04/2024
G&H Decoys Plans Corning, Arkansas, Headquarters-Manufacturing Operations
10/04/2024
Britain-Based Ultimate Defense Technologies Establishes Billings, Montana, Operations
10/04/2024
Google Plans Dorchester County, South Carolina, Data Center Operations
10/04/2024
Sirius Analysis Plans Virginia Beach, Virginia, Headquarters
10/04/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Challenge of Securing Sufficient Electrical Power for Battery Cell Plants
Q3 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Semiconductors’ Fragile Relationship With Water May Be Tested
Q3 2024