SpaceX wins Texas county approval for Terafab reinvestment zone
A reinvestment zone is the unglamorous first step, the procedural gate that has to open before any of the larger numbers attached to a project can flow.
On 3 June, the commissioners of Grimes County, Texas, opened it, voting 4-1 to designate a reinvestment zone for SpaceX’s proposed Terafab semiconductor plant. The vote is the formal beginning of a project local officials have described in generational terms.
The designation does not by itself hand SpaceX a tax break. It establishes the zone within which one can be granted, and clears the way for the decision that does move money: a vote on a tax abatement package, which commissioners were expected to take up later the same day following a public hearing. Precinct 2 Commissioner David Tullos cast the lone “no” vote on the zone.
Tullos’s objection was about process rather than principle. He questioned why a SpaceX representative had not...
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