Midland $2M boost to spaceportMidland $2M boost to spaceporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=49662014-02-12T13:44:00Z2014-02-12T00:00:00Z

MIDLAND - The Midland Spaceport Development Corp. accepted a $2 million grant from the Office of the Governor to help Midland International Airport’s spaceport grow.

The funds came from the state’s Spaceport Trust Fund, which was created by the Legislature to assist with infrastructure costs for spaceports. The goal of the fund is to create jobs and continue support of the space industry in Texas.

The $2 million will be used for spaceport-related capital improvement projects, according to Marv Esterly, director of airports.

“Two million dollars goes a long way to bring spaceport development to the City of Midland and diversifying our economy,” said John Love III, president of the Spaceport Development Corp. The corporation will be eligible to re-apply for the grant next year.

The aerospace industry’s presence in Midland began in 2012 when XCOR Aerospace announced its intent to relocate from Mojave, Calif. to Midland after agreeing a $10 million incentive package with the Midland Development Corp (MDC).

XCOR plans to launch one of its newest spacecraft, the Lynx, into space from the airport.

MDC previously struck a deal with another aerospace company, Orbital Outfitters. The spacesuit and spacecraft mockup company also will be moving to Midland. The arrival of XCOR was one of the reasons why Orbital Outfitters chose to relocate to Midland.

See previous story Midland stellar deal with Orbital Outfitters.

Midland Reporter-Telegram
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