Indian-American entrepreneur Chirinjeev Kathuria, a major investor in Planet Space, was said to expect an approximate $20-million dollar package of tax credits, financing programs and training grants for the nascent space launch firm.
Ohio officials were told PlanetSpace would create 512 jobs directly and lead to 850 more indirect-impact jobs by the third year of operation. The venture was projected to spend $147 million on local goods and services in the first five years and generate cumulative gross revenues of $367.5 million by 2012, Boyle reported Kathuria as saying.
PlanetSpace is building the Silver Dart and the Canadian Arrow. PlanetSpace recently announced plans to build an orbital spaceport in Canada in an effort to gain contracts to transport supplies to the International Space Station in 2009 or thereafter. Here is the latest report from The Columbus Dispatch.