SPACE Corporation Act
UNLEASH AMERICA'S FUTURE
The Foundation for the Future, to initiate debate and consideration on the future of space development and the urgency to support a public-private sector federally chartered corporation for space infrastructure and enhancement of space projects, supports the introduction and passage, in the 117th Congress, of the "Space Public-private Advanced Commercialization Enterprise" SPACE Corporation Act of 2021. The proposed bill seeks to build on the traditional bi-partisan support for NASA and extend this support towards the commercial, government, national defense and other purposes of space development, enhanced by Congressional Committee and legislative process including Congressional review and support.
TO ENSURE AMERICAN DOMINATION OF SPACE AND OPEN THE VAST OPPORTUNITIES OF THE SPACE ECONOMY TO THE AMERICAN PEOPLE
The SPACE Corporation Act of 2021 builds upon the priority bi-partisan and US primacy in space policy that was initiated during the Kennedy-Johnson Presidencies in direct response to Sputnik, Soviet manned space travel, and our directive to be the first on the Moon with Apollo. The Foundation for the Future supports the precedents of Congress in passing federally chartered corporations, such as COMSAT Act, to move the US forward in telecommunications satellite technology, and other corporate bills in our past to deal with important national needs, such as electric power development with the Tennessee Valley Authority during the depression era. We face a similar "race" to space which requires a joint public- private sector entity designed to fund and support space development and infrastructure, similar to the building of the Erie Canal, the Transcontinental Railroad, and our air, sea, and road highways serving the public. Now we must focus on Space.
SPACE Corporation Analysis
If created as designed in the SPACE Corporation Act of 2021, the SPACE Corporation would create over 2.6 million new jobs, generate nearly $160 billion in new economic activity, and increase state and local tax revenue by over $10 billion in its first decade (2022-2032).
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CALIFORNIA
2022 - 2032
$31.1 BILLION
In new economic activity
$3.3 BILLION
In local & state taxes generated
838,022
Jobs created & supported
ALASKA
2022 - 2032
$69.1 MILLION
In new economic activity
$7 MILLION
In local & state taxes generated
1,862
Jobs created & supported
ARIZONA
2022 - 2032
$1.8 BILLION
In new economic activity
$195 MILLION
In local & state taxes generated
49,009
Jobs created & supported
IDAHO
2022 - 2032
$54.3 MILLION
In new economic activity
$6 MILLION
In local & state taxes generated
1,464
Jobs created & supported
NEVADA
2022 - 2032
$108 MILLION
In new economic activity
$12 MILLION
In local & state taxes generated
2,917
Jobs created & supported
OREGON
2022 - 2032
$81.1 MILLION
In new economic activity
$9 MILLION
In local & state taxes generated
2,185
Jobs created & supported
WASHINGTON
2022 - 2032
$3.3 BILLION
In new economic activity
$362 MILLION
In local & state taxes generated
90,850
Jobs created & supported
UTAH
2022 - 2032
$1.7 BILLION
In new economic activity
$184 MILLION
In local & state taxes generated
46,132
Jobs created & supported
COLORADO
2022 - 2032
$8.5 BILLION
In new economic activity
$908 MILLION
In local & state taxes generated
227.867
Jobs created & supported
MONTANA
2022 - 2032
$35.6 MILLION
In new economic activity
$4 MILLION
In local & state taxes generated
959
Jobs created & supported
NEW MEXICO
2022 - 2032
$433 MILLION
In new economic activity
$47 MILLION
In local & state taxes generated
11,659
Jobs created & supported
WYOMING
2022 - 2032
$13.1 MILLION
In new economic activity
$1 MILLION
In local & state taxes generated
353
Jobs created & supported
KANSAS
2022 - 2032
$29.2 MILLION
In new economic activity
$3 MILLION
In local & state taxes generated
787
Jobs created & supported
NEBRASKA
2022 - 2032
$18.5 MILLION
In new economic activity
$2 MILLION
In local & state taxes generated
500
Jobs created & supported
NORTH DAKOTA
2022 - 2032
$5.6 MILLION
In new economic activity
$1 MILLION
In local & state taxes generated
151
Jobs created & supported
OKLAHOMA
2022 - 2032
$206 MILLION
In new economic activity
$22 MILLION
In local & state taxes generated
5,552
Jobs created & supported
SOUTH DAKOTA
2022 - 2032
$52.1 MILLION
In new economic activity
$6 MILLION
In local & state taxes generated
1,403
Jobs created & supported
TEXAS
2022 - 2032
$16.3 BILLION
In new economic activity
$1.7 BILLION
In local & state taxes generated
439,992
Jobs created & supported
ARKANSAS
2022 - 2032
$503 MILLION
In new economic activity
$36 MILLION
In local & state taxes generated
8,933
Jobs created & supported
ILLINOIS
2022 - 2032
$212 MILLION
In new economic activity
$23 MILLION
In local & state taxes generated
5,703
Jobs created & supported
IOWA
2022 - 2032
$55.4 MILLION
In new economic activity
$6 MILLION
In local & state taxes generated
1,494
Jobs created & supported
MINNESOTA
2022 - 2032
$84.1 MILLION
In new economic activity
$9 MILLION
In local & state taxes generated
2,266
Jobs created & supported
LOUISIANA
2022 - 2032
$796 MILLION
In new economic activity
$85 MILLION
In local & state taxes generated
21,451
Jobs created & supported
MISSISSIPPI
2022 - 2032
$1.1 BILLION
In new economic activity
$115 MILLION
In local & state taxes generated
28,769
Jobs created & supported
MISSOURI
2022 - 2032
$238 MILLION
In new economic activity
$26 MILLION
In local & state taxes generated
6,410
Jobs created & supported
WISCONSIN
2022 - 2032
$93.5 MILLION
In new economic activity
$10 MILLION
In local & state taxes generated
2,519
Jobs created & supported
ALABAMA
2022 - 2032
$11.3 BILLION
In new economic activity
$1.22 BILLION
In local & state taxes generated
305,761
Jobs created & supported
FLORIDA
2022 - 2032
$11.1 BILLION
In new economic activity
$1.19 BILLION
In local & state taxes generated
298,443
Jobs created & supported
GEORGIA
2022 - 2032
$146 MILLION
In new economic activity
$16 MILLION
In local & state taxes generated
3,937
Jobs created & supported
INDIANA
2022 - 2032
$623 MILLION
In new economic activity
$67 MILLION
In local & state taxes generated
16,802
Jobs created & supported
KENTUCKY
2022 - 2032
$76.8 MILLION
In new economic activity
$8 MILLION
In local & state taxes generated
2,069
Jobs created & supported
MICHIGAN
2022 - 2032
$224 MILLION
In new economic activity
$24 MILLION
In local & state taxes generated
6,042
Jobs created & supported
OHIO
2022 - 2032
$4.3 BILLION
In new economic activity
$463 MILLION