Blue Origin, Jeff Bezos' space technology company, will build an advanced manufacturing and operations campus in Hutto, the city and state of Texas announced Oct. 8.
The big picture: The project, called Constellation Park, represents a nearly $555 million capital investment and will create more than 2,000 jobs, according to a news release from Gov. Greg Abbott's office.
The facility will be a production hub for satellite and communications technology.
A closer look: To come to the site, Blue Origin received a Texas Enterprise Fund grant of more than $18 million and a $10,000 Veteran Created Job Bonus.
Additionally, Williamson County, the city of Hutto and the Hutto Economic Development Corp. have extended incentives to Blue Origin. However, officials have said the terms of these deals will not be available until they are executed.
What they're saying: "Blue Origin's investment will have a ripple effect across Hutto and Williamson County, from job creation to opportunities for our schools and workforce to grow alongside a world-class aerospace company,” Hutto EDC board Chair Caitlin Morales said in the release.