THE WOODLANDS, TEXAS (July 30, 2014) – The Woodlands Township Board of Directors approved participation in a regional economic development project at their meeting on July 24, 2014. The Township Board authorized participation in the development of a new customs facility to be constructed at Lone Star Executive Airport. After receiving a presentation and recommendation from The Woodlands Area Economic Development Partnership, the Township Board determined that the customs facility would be beneficial to the economic development of The Woodlands for both existing and new business prospects. The Board approved a commitment of 25% of the total project costs, up to a maximum of $600,000 for the Township share. The other contributing partners to this regional economic development project are Montgomery County, the City of Conroe and the Galaxy FBO at the Lone Star Airport. This commitment will be funded by the Township’s Economic Development Reserve Fund.