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.
