Council approves AST SpaceMobile development agreement, citing job targets and clawbacks
After an extended public hearing, Midland’s council approved a long-term economic-development agreement and ground lease with AST SpaceMobile for a large manufacturing facility in the Spaceport Business Park; the package ties incentives to job and investment benchmarks and includes clawbacks and a 60% performance floor.
The full story
After a lengthy public hearing and staff presentation, the City Council approved two linked items with AST SpaceMobile: a 30‑year economic-development agreement that could deliver up to $66 million in incentives over time if performance benchmarks are met, and a ground lease for a 23.107‑acre tract in the Spaceport Business Park.
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