Obama's New Space Commercialization Program

Obama just announced his policies for promoting space technology commercialization. The $6 billion NASA budget will include $429 million next year and $1.9 billion over the next 5 years to modernize the Kennedy Space Center and space launch facilities in Florida. The goal is to stimulate new businesses, innovations and job creation.

http://blog.taragana.com/politics/2010/05/03/presidential-memoranda-task-force-on-space-industry-workforce-and-economic-development-32938/

European Space Agency (ESA) experts estimate a 15x to 20x economic multiplier for each Euro spent on space projects. Thus, Obama's policies could potentially generate up to $120 billion in new economic growth, or 1.2 million new jobs at $100,000 per job, if NASA optimizes its technology transfer programs.

Florida badly needs new jobs to counter its real estate collapse. Hopefully, the new NASA program will help boost the local economy and stimulate businesses elsewhere.