Washington Gov. Bob Ferguson is setting aside $350,000 from an economic development fund to support Portal Space Systems’ expansion into a new 50,000-square-foot satellite manufacturing facility in Bothell, Wash.
Ferguson announced today that he’s directing the state Department of Commerce to award funds from the Governor’s Economic Development Strategic Reserve Fund to Economic Alliance Snohomish County. The funding will help Portal transition from testing and development to scalable production, with a goal of building four spacecraft a month by 2027.
The expansion is expected to create more than 100 jobs in the next two years, and more than 700 jobs by 2030.
“Strategic Reserve Funds are targeted investments that create good paying jobs and spur innovation across Washington,” Ferguson said in a news release. “This project not only achieves those goals, it also reaffirms our state’s role as a leader in the space industry. I am proud to support pioneering projects like this in Washington.”
