SpaceX gets 10-year tax exemption for Texas site

FILE - In this Dec. 6, 2012 file photo is a site near of Brownsville, Texas, called Boca Chica Beach that SpaceX has proposed launching 12 rockets per year from. The Federal Aviation Administration released an environmental impact statement for California-based company on Thursday, May 29, 2014 saying the site would be unlikely to jeopardize the existence of protected animal species and create few unavoidable impacts. It does not guarantee that the FAA would issue launch licenses there, but it is an essential step in that direction. (AP Photo/Christopher Sherman, File)
FILE - In this Dec. 6, 2012 file photo is a site near of Brownsville, Texas, called Boca Chica Beach that SpaceX has proposed launching 12 rockets per year from. The Federal Aviation Administration released an environmental impact statement for California-based company on Thursday, May 29, 2014 saying the site would be unlikely to jeopardize the existence of protected animal species and create few unavoidable impacts. It does not guarantee that the FAA would issue launch licenses there, but it is an essential step in that direction. (AP Photo/Christopher Sherman, File)

BROWNSVILLE, Texas (AP) — Cameron County commissioners have agreed to waive 10 years of county taxes as part of an agreement bringing the world’s first commercial site for orbital rocket launches to the southernmost tip of Texas.

The county’s governing board Thursday also approved a draft of an economic agreement with Space Exploration Technologies Corp., also known as SpaceX.

County Judge Carlos Cascos tells The Brownsville Herald details of the agreement that also includes the Cameron County Spaceport Development Corp. are being withheld until it’s signed by SpaceX.  He expects that to happen next week.

SpaceX earlier this month announced it had selected Cameron County for its launch site. It’s an $85 million investment that’s touted as bringing 300 new jobs to the Brownsville area.

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