AUSTIN, Texas (KBTX) - The Texas Comptroller's Office has issued formal recommendations to approve all eight tax incentive applications tied to the proposed TeraFab semiconductor manufacturing facility near Gibbons Creek Reservoir in Grimes County, clearing a major hurdle for what could be the largest industrial investment in Texas history.

The recommendations, signed by Deputy Comptroller Lisa Craven and dated June 15, cover applications filed by TeraFab AI, LLC - a special-purpose entity linked to SpaceX - with both Iola ISD and Anderson-Shiro CISD.

But the Comptroller's approval is not the end of the road.