(The Center Square) – More companies are expanding operations in Texas and receiving millions of taxpayer dollars to do it. The latest are CesiumAstro outside of Austin and Loloi Inc. outside of Dallas.
CesiumAstro announced it secured an historic $200 million financing package from the Export-Import Bank of the United States in partnership with J.P. Morgan to support its Texas expansion.
It is “the largest financing ever completed under EXIM’s “Make More in America” (MMIA) Initiative and one of the most significant government-backed investments in U.S. space manufacturing to date,” the company said. “This unprecedented investment will enable CesiumAstro to acquire a 270,000-square-foot facility in Texas for full-rate, domestic manufacturing at scale.”…