- Associated Press - Wednesday, November 4, 2015

ALBUQUERQUE, N.M. (AP) - Google Inc. has repaid New Mexico nearly $1 million for an economic development grant the government made for infrastructure upgrades at the Moriarty Municipal Airport.

The Albuquerque Journal reports (http://bit.ly/1KYpQZ2) the upgrades helped pave the way for Google to build a 60,000-square-foot facility at the airport to house Titan Aerospace.

Titan Aerospace is a Google subsidiary that was developing a solar-powered drone at the airport.

But Google moved Titan’s operations to California this summer, prompting New Mexico to impose clawback provisions to recover the state’s money.

State Economic Development Secretary Jon Barela says Google deposited slightly more than $995,000 into state account and it cleared on Monday.

Google still owns the $15 million building it constructed at the airport, but the city owns the property on which it is located.


Information from: Albuquerque Journal, http://www.abqjournal.com



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