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Texas  + State of Texas  + Industrial  | 

Grants of $10M Support Job Creation, Strengthen TX’s Economic Future

Gov. Greg Abbott recently announced Spaceport Trust Fund grant awards of $5 million to the Cameron County Spaceport Development Corporation and $5 million to the Houston Spaceport Development Corporation. Administered by the Governor’s Office of Economic Development and Tourism, the Spaceport Trust Fund is a financial tool to support the development of infrastructure necessary for establishing a spaceport in the state of Texas.

The 87th Legislature appropriated $10 million in funds in fiscal year 2022 to provide grants disbursed on a cost-reimbursement basis to help support the creation of quality jobs and attract continuing investments that will strengthen the economic future of the state.

“For decades, Texas has been a trailblazer in space technology and we are proud to help cultivate more innovation and development in this growing industry in Cameron and Harris County,” said Abbott. “This investment in the Cameron County and Houston Spaceport Development Corporations will create even more economic opportunities for Texans across the state and continue our legacy as a leader in space technology.”

Awarded through an application process and disbursed on a cost-reimbursement basis, Spaceport Trust Fund grants are available to any spaceport development corporation which has secured a viable business entity if it is capable of launching and landing a reusable launch vehicle or spacecraft, and intends to locate its facilities at the development corporation’s planned spaceport in the state. A reusable launch vehicle is defined as a vehicle intended for repeated use that is either built to operate in or place a payload into space or is a suborbital rocket.


Inside The Story

Governor's Office

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Policy/Gov't