Eco Devo Trend: A Clawback is a Prenup.

Google opened a facility in New Mexico. The state’s eco devo system allowed the state to upgrade sewer and water into a certain airport to help Google. 

Google is moving this facility back to California, leaving New Mexico having expended $995,000 for the Moriarty Municipal Airport without the tax base to support the improvement.

New Mexico can recoup the eco devo investment because the state doesn’t offer economic development reimbursements, but rather offers economic incentives at the outset like Texas. New Mexico’s neighbors, Arizona and Utah offer economic development reimbursements that are given to a company once benchmarks are reached. 

Albequerque Business First