Commerce Awards Matching Grant for Maine Spaceport Planning

Economic Development Administration (EDA) logoToday, the U.S. Department of Commerce’s Economic Development Administration (EDA) awarded a $444,009 grant to the Maine Space Grant Consortium in Augusta, Maine, to develop a strategic plan for the Maine SpacePort Complex. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $148,489 in state funds and $111,442 in local funds.

The Maine SpacePort Complex will develop, manufacture and launch nanosatellites into polar orbit. The complex will include an Innovation Hub with research, development and manufacturing facilities, and launch facilities in designated Opportunity Zones.

Once completed, the study will provide a plan for future implementation, which will increase job opportunities and strengthen the regional economy.

View news release at EDA.gov

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Posted in Business with the Government, Space Economy