Merlin 1D test firing (Credit: SpaceX)
SpaceX will receive million in incentives to help defray the cost of the expansion of its engine test site in McGregor, Texas:
Waco City Council pledged its share of $3.3 million of city-county incentives Tuesday that will allow SpaceX to expand its rocket testing facility and bring two new businesses to the city.
SpaceX is in line for $3 million in incentives from the Waco- McLennan County Economic Development Corp. in exchange for adding 300 jobs and making $46.3 million in capital improvements to the McGregor facility. McLennan County would provide half the funding, and commissioners are set to vote on the package next week.
Mayor Malcolm Duncan Jr. said the expansion will create high-paying jobs that will benefit Waco residents, and he sees a bright future for the fast-growing rocket company here.
The expansion would more than double the full-time employment at the McGregor site, which is now 261.
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