Bill establishing Maine Space Corp. signed into law
The public-private partnership will be charged with developing the Maine Space Complex and overseeing the launching of small satellites.
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The public-private partnership will be charged with developing the Maine Space Complex and overseeing the launching of small satellites.
'The Maine Space Consortium will bring together business, research and state leaders, to help ensure Maine continues to be at the forefront of this industry,' State Sen. Mattie Daughtry said in a statement.
Creation of the proposed Maine Space Complex could cost from $50 million to $250 million over five years, but would create more than 5,000 high-paying jobs by 2042, according to a nonprofit backing the idea.
Nearly 1,300 investors helped the campaign to raise over $1 million for Brunswick-based bluShift Aerospace.
Proponents say establishing the Maine Space Port Corp. as a quasi-state agency would maximize investments into aerospace technology from federal sources and private venture capitalists.