Spaceport Trust Fund

The Spaceport Trust Fund (STF) is a financial tool to support the development of infrastructure necessary or useful for establishing a spaceport in the State of Texas. Fund proceeds are available to any spaceport development corporation which has secured a viable business entity if that entity is capable of launching and landing a reusable launch vehicle or spacecraft and intends to locate its facilities at the development corporation’s planned spaceport in the state.

Who Can Apply?

Spaceport development corporations in the state created under Chapter 507, Local Government Code, which have established a development plan for a spaceport project, demonstrated the financial ability to furnish at least 75 percent of the funding required for the project, and secured a viable business entity with a business plan demonstrating the capability and expertise necessary to launch and land a reusable launch vehicle or spacecraft, and which has committed to locating its facilities at the development corporation’s planned spaceport in the state. The spaceport or launch operator, if required by federal law, must also have obtained or applied for the appropriate Federal Aviation Administration license or other appropriate authorization.

Type of Incentive

In the form of grants, disbursed on a cost-reimbursement basis, this incentive will pay expenditures for the development of infrastructure necessary or useful for establishing a spaceport.

Eligibility Details

For full eligibility and program details, please refer to the STF Statue. Grant criteria are written into individual grant agreements with development corporations receiving an STF award.

Please note a reusable launch vehicle is defined as a vehicle intended for repeated use that is either built to operate in or place a payload into space or is a suborbital rocket.


The Governor’s Office of Economic Development Finance, solicits proposals from eligible applicants for spaceport facilities as funds are appropriated from the Texas Legislature. This page will be updated to reflect any new funding available following the 2019 legislative session.

Grant Awardees receive a fixed award amount and must submit a budget reflecting planned expenditures up to the award amount.

Category: TX State Programs

The Capital Access Program (CAP) is a partnership between the State of Texas and selected non-profit lenders to increase access to financing for small and medium-sized businesses and non-profits which face barriers to accessing capital or fall outside of guidelines of conventional lending. The Program...
Learn More
Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations in the State of Texas to pay in-state tuition rates at public institutions of higher education...
Learn More

The Governor’s University Research Initiative (GURI), enacted in 2015, is aimed at helping Texas public institutions of higher education recruit distinguished researchers from around the world to the State of Texas. The program seeks to bolster both the standing of Texas public colleges and universities and economic development efforts statewide.

Learn More
Industrial Revenue Bonds (IRBs) provide a source of tax-exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses, encourage employment, and expand the tax base of a community. IRBs are issued by Industrial Development Corporations sponsored by a...
Learn More
The Opportunity Zone Program was created through the Tax Cuts & Jobs Act of 2017, and is a federal initiative administered by the U.S. Department of Treasury. The program is designed to spur economic development and job creation in distressed communities throughout the United States...
Learn More

he Product Development and Small Business Incubator Fund offers long-term, asset-backed loans to near-bankable businesses commercializing new or improved products and small businesses or entities which foster growth of small businesses. The program targets those businesses which may be unable to obtain full financing or financing on workable terms in traditional capital markets.

Learn More

The Self Sufficiency Fund provides training grants for industry recognized certificates and credentials that lead to permanent full-time employment.

Learn More
For employers with more than 100 employees, customized training provided on site at the company's location is available at no cost through the Skills Development Fund program.  Texas' premier job-training program provides opportunities for Texas businesses and workers to improve skills, expand employment and increase...
Learn More

The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.

Learn More