A testing and manufacturing center for rocket propulsion is launching in Pueblo.
The project from Centennial-based United Launch Alliance is for a next generation rocket called the Vulcan. The company is looking to commercialize space access and help make it more cost-efficient.
The facility will create 34 new jobs in Pueblo that are expected to generate around $19 million yearly in revenue for the local economy.
Pueblo Economic Development Corporation President Jack Rink says the impact could be even bigger.
"This is a big deal for Pueblo because this puts us in a position to be able to attract other companies that are in the aerospace, and specifically, in the space exploration business," says Rink.
The facility will be located in an existing building in the airport industrial park. Operations are set to start sometime this fall.
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