Elon Musk (center) and Texas Gov. Rick Perry break ground on a new launch complex. (Credit: Texas Governor’s Office)
BROWNSVILLE, Texas – Gov. Rick Perry has announced a combined investment of $9 million from the Texas Emerging Technology Fund and The University of Texas System to create a powerful research and technology commercialization partnership that will create limitless possibilities for South Texas.
U.S. Secretary of Commerce Penny Pritzker has also announced that the Department’s Economic Development Administration (EDA) is awarding $1.2 million to the University of Texas at Brownsville. The EDA investment will help build a high-tech business incubation facility that will spur new business development associated with the region’s growing space industry cluster, according to the grantee.