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$10 million in Spaceport Trust Funds awarded to 2 Texas corporat

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OP
~ 2 years, 3 mos ago Jan 19, '22 8:18am

$10 million in Spaceport Trust Funds awarded to 2 Texas corporations

On 1/13/22, Governor Abbot announced Spaceport Trust Fund grant awards of $5,000,000 to the Cameron County Spaceport Development Corporation and $5,000,000 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 $10,000,000 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 Governor 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."

You can read more about the Spaceport Trust Fund here:
gov.texas.gov/busine ss/page/spaceport-tr ust-fund

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18
~ 2 years, 3 mos ago Jan 19, '22 8:27am

What has the space program really done to help
Us out here on Earth? I understand the science and some medicine but I all truthfulness I think that money could be spent far better in helping people in need.

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15
~ 2 years, 3 mos ago Jan 19, '22 8:46am

What has the space program really done to help Us out here on Earth? I understand the science and some medicine but I all truthfulness I think that money could be spent far better in helping people in need.

@TheCatsMeow :

It's politics. It's a way for politicians to stick their chest out about creating jobs. Which in turn means votes, they hope. The practicality of such an endeavor is way down the totem pole of consideration.

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