85.1 F
Fort Worth
Saturday, September 26, 2020
- Advertisements -
Business N.M. Democrats urge restraint on Tesla incentives

N.M. Democrats urge restraint on Tesla incentives

Other News

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a...

At Home launches collection with Fort Worth connection

At Home Group Inc. (NYSE: HOME), The Home Décor Superstore, has debuted an exclusive collection with interior...

Former Toys ‘R’ Us reopens as Havertys in Southlake

HAVERTYS (NYSE: HVT and HVT.A) will officially open its new store in Southlake Corners on Friday, August 21, 2020. The 32,300 square...
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

ALBUQUERQUE, N.M. (AP) — A dozen legislators and other Democrats say New Mexico shouldn’t go overboard in granting tax breaks to Tesla so the electric car company locates a battery plant in the state.

Texas, Arizona and California also are trying to win the $5 billion battery plant.

In a letter to the Albuquerque Journal, the Democrats say any bid to attract the plant shouldn’t rely solely on tax breaks.

The Democrats’ letter says New Mexico can’t afford to give up so much future tax revenue to Tesla that education and other needs aren’t met. It also says incentives for Tesla shouldn’t cause other taxpayers to pay more.

Republican Gov. Susana Martinez has said she might consider calling a special legislative session on economic incentives to make New Mexico more appealing to Tesla.

 

- Advertisements -
- Advertisements -

Latest News

Texas senators support Supreme Court nominee

By Kelsey Carolan, The Texas Tribune Sept. 25, 2020 "President Donald Trump nominates Amy...

Permian investments grow as market shows signs of recovery

CARLSBAD, N.M. (AP) — An American energy investment company has pledged $8.5 million to develop oil and gas assets in the Permian...

Trump taps ’eminently qualified’ Barrett for Supreme Court

By ZEKE MILLER, LISA MASCARO and MARY CLARE JALONICK Associated PressWASHINGTON (AP) — President Donald Trump nominated Judge Amy Coney Barrett to...

Probe into ‘discarded’ ballots becomes campaign outrage fuel

By CHRISTINA A. CASSIDY and MARK SCOLFORO Associated Press HARRISBURG, Pa. (AP) — The news release from a U.S....

New measurements show moon has hazardous radiation levels

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — Future moon explorers will be bombarded with two...