SANTA FE, N.M. (AP) - Officials say Google Inc., will repay New Mexico nearly $1 million in economic assistance funds after announcing it was pulling a subsidiarity out of the state.
The Albuquerque Journal reports (https://goo.gl/txJjvF) New Mexico Economic Development Secretary Jon Barela said Monday that Google has agreed to repay that amount under clawback provisions.
The Mountain View, California-based Google announced last week that Titan Aerospace was leaving its facilities at the Moriarty airport, where it has been developing a solar-powered drone.
That announcement sparked demands for Google to repay because the state.
The state’s investment included $995,000 for infrastructure improvements at the Titan site.
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