Officials say Google 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 New Mexico Economic Development Secretary Jon Barela said Monday that Google has agreed to repay that amount under clawback provisions.
Mountain View-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 the state. The state’s investment included $995,000 for infrastructure improvements at the Titan site.
Source: San Jose Mercury New