The Williamson County Commissioners Court approved the creation of the Central Texas Spaceport Development Corporation during its regular meeting on Tuesday, March 11. The Space Development Corporation (SDC) is a partnership with Burnet County. An SDC is a non-profit entity that will focus on infrastructure and development in the fields of specialized launch and landing facility for space crafts, rockets and satellites.
The court also approved the by-laws for the corporation, as required by the Texas Non-Profit Corporation Act.
“This is an exciting opportunity to help further space exploration initiatives in Williamson and Burnet counties,” said Commissioner Pct. 2 Cynthia Long. “As a space geek, who grew up in Houston with the NASA space program, this is very exciting.”
The Central Texas Spaceport Development Corporation will be governed by a seven-member Board of Directors, which will have the powers and authority granted to Space Development Corporations under Chapter 507 of the Texas Local Government Code. There are currently five SDCs in Texas.
Long said Williamson and Burnet counties are ready to supercharge the industry with the SDC and attract synergistic companies to join Firefly Aerospace, a space transportation company with launch, lunar and on-orbit services, which is headquartered in Cedar Park and has a testing facility in Briggs, Texas.
“I see this as a terrific way for this exciting industry to grow,” said Dan Fermon, Firefly chief operating officer. “An industry that is looking to grow to over $1 trillion in revenue by the time we get to 2040, and it’s well on its way.”
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