New Mexico recovers $1 million from Google
Google Inc. deposited nearly $1 million in a state account this week to repay New Mexico for an economic development grant the government made for infrastructure upgrades at the Moriarty Municipal Airport.
The upgrades helped pave the way for Google to build a 60,000-square-foot facility at the airport to house Titan Aerospace, a Google subsidiary that was developing a solar-powered drone there.
But Google moved Titan’s operations to California this summer, prompting New Mexico to impose clawback provisions to recover the state’s money, Economic Development Secretary Jon Barela said.
“I’m happy to report that Google has made the payment,” Barela told the Journal on Wednesday. “It deposited just over $995,000, which cleared on Monday.”
Read more: http://www.abqjournal.com/670809/news/google-pays-nm-1-million-clawback-on-titan-pullout.html
