SpaceX signed a long-term economic development agreement with the City of McGregor, Texas.
The agreement, which was partially facilitated by the Greater Waco Chamber, provides incentives to encourage SpaceX to add and maintain high quality jobs and make large infrastructure investments in SpaceX’s 630-acre Rocket Development Facility in McGregor.
The agreement could result in more than $60 million being invested in the facility and hundreds of jobs paying 30% more than the average weekly wage in McLennan County.
SpaceX has a $1.6 billion contract with NASA to haul supplies to the International Space Station,
SpaceX founder and CEO Elon Musk flew in from California to attend the event.
“We have had support from the community from the beginning,” said Musk. “I like the spirit of Texas, probably more than any other state in the country it believes in freedom and free enterprise. Texas likes doing things that are big and exciting. There is a sense of optimism and a feeling that great things can be accomplished.”
Lauren Dreyer, director of business affairs at SpaceX echoes that sentiment.
“McGregor has been a great place for SpaceX to do business. SpaceX will use these incentives to further our investment in jobs and infrastructure in McGregor," she said.
SpaceX's rocket facility is located four miles west of McGregor High School on Bluebonnet Parkway, in McGregor, Texas.
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