by Dallas, TX – Two companies are expanding operations in Texas with the support of state and federal incentives. CesiumAstro, a space and defense communications company near Austin, and Loloi Inc., a home furnishings brand near Dallas, announced multi-million-dollar investments that will create hundreds of new jobs in the state.
CesiumAstro Secures Historic Federal Financing
CesiumAstro announced it received a $200 million financing package from the Export-Import Bank of the United States in partnership with J.P. Morgan to support its Texas expansion. The company described it as “the largest financing ever completed under EXIM’s Make More in America (MMIA) Initiative” and one of the most significant government-backed investments in U.S. space manufacturing to date.
The investment will allow CesiumAstro to acquire a 270,000-square-foot facility for domestic manufacturing at scale. The company plans to invest more than $500 million in Texas and create over 500 new jobs in the next five years.
“Our expansion in Texas marks a transformative step for CesiumAstro as we advance cutting-edge space and defense technologies in the United States,” said Shey Sabripour, founder and CEO. “Texas is at the forefront of the new space economy, combining vision, top-tier talent, and powerful public-private partnerships.”
Sabripour added that the company is working closely with Governor Greg Abbott, the Texas Economic Development & Tourism Office, and the Texas Space Commission, emphasizing that the project strengthens domestic aerospace capabilities and national security.
CesiumAstro provides satellite communications systems, high-performance payloads, and advanced computing solutions for the aviation, aerospace, and defense industries. Sabripour, a former Lockheed Martin Space Systems executive, highlighted the company’s commitment to high-quality American jobs and rapid domestic production of advanced technologies.
Loloi Inc. Expands Distribution Operations
Meanwhile, Loloi Inc., a Dallas-based textile and home furnishing brand, is expanding its operations in Ennis, Texas. The company received a $2.45 million Texas Enterprise Fund grant and a $45,000 Veteran Created Job Bonus as incentives for the project. Loloi is investing $20 million in a new one million-plus square foot distribution facility that will create more than 380 new jobs.
“Texas has been our home since we started Loloi more than 20 years ago, and the state continues to provide opportunities to grow. This new facility in Ennis will allow us to add more jobs and create a world-class facility that we are proud of,” said Amir Loloi, founder and president.
Loloi, a family-owned business, sells wholesale home furnishings and reportedly sold approximately 2.3 million rugs in 2023, processing around 6,000 units per day. The company emphasizes its commitment to community engagement and local economic growth.
State Support and Economic Impact
Governor Greg Abbott praised both expansions, highlighting Texas as a hub where hard work and opportunity intersect. He emphasized that these projects reflect the state’s supportive policies for businesses and the strong local economy.
“Texas is where the crossroads of hard work and opportunity lead to success,” Abbott said.
The expansions by CesiumAstro and Loloi demonstrate continued investment in high-tech manufacturing and distribution operations in Texas, supported by both federal and state programs that encourage job creation and economic growth.
Conclusion
With multi-million-dollar investments and hundreds of new jobs, CesiumAstro and Loloi Inc. are among the latest companies to expand in Texas, highlighting the state’s role as a growing center for technology, manufacturing, and distribution industries.
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