XCOR Aerospace Offered Deal to Relocate to Texas
MIDLAND, Texas — XCOR Aerospace is being offered an incentive deal to relocate its headquarters and research and development team to Midland, Texas.
The local CBS television affiliate reported this morning that The Midland Development Corporation and The City of Midland are working on a deal with XCOR Aerospace. This coming Monday, The MDC and City Council will be voting on the agreement, which includes $10 million in incentives for the company to move their corporate headquarters to Midland. The deal eventually would include enough employees to necessitate a $12 million payroll, said Robert Rendall, MDC board secretary, who’s been working on the project.
CBS 7 News also has confirmed that Governor Rick Perry will be in Midland on Monday to attend a press conference for a special announcement regarding XCOR. Griffin Communications, the Public Relations company handling the event, has confirmed the Governor will be in attendance along with XCOR Aerospace and community leaders.
The Midland Reporter-Telegram quoted Rendall as saying ““I didn’t realize this industry is as mature as it is. I’m excited we’ve got the opportunity to kind of get in on the ground floor.”
Rendall said the MDC was connected to XCOR through ROI, a consulting firm that provides the MDC with leads, among other things.
Andrew Nelson, chief operating officer for XCOR, said Midland had been on its radar so when executives received a call from the MDC they were interested in learning more. Between the weather, the open space around Midland International Airport and the business climate, Nelson said Midland is an ideal place for them.
“Midland and Texas were high on that list as a business-friendly community and business-friendly state,” he said. If the deal is approved Monday, XCOR will operate a research and development facility in Midland and will conduct flight tests here.
Parabolic Arc publisher Doug Messier, who is based in Mojave, California, reports that the move will not happen immediately and design and testing of the Lynx spaceplane will continue at the Mojave Air and Space Port.
And Jeff Foust, writing in the NewSpace Journal, quotes a source as saying ““They [XCOR] plan on maintaining a presence in Mojave. This is all about growth.”