Governor Abbott Announces $10 Million In Spaceport Trust Fund Grants

Greg Abbott

AUSTIN, Texas (Greg Abbott PR) — Governor Greg Abbott today 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.

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