In comments, council members tried to get out front of likely criticism that they were were throwing cash at an untried company. SanAntonio SATX SanAntonio DeLorean EV Texas
The DeLorean Motor Co. recently shared the first clear images of its vehicle.
Even so, council members unanimously approved up to $562,500 in grants for DeLorean to set up its headquarters at Port San Antonio. They also approved the startup to apply for $1.25 million in tax refunds through a state program. “That’s not a giveaway,” District 8 Councilman Manny Pelaez said. “That’s a very important investment that we’re making in a very, very safe way."
Bexar County is also likely to offer DeLorean a package of its own. That proposal would include a 10-year, 100% tax abatement on the company's personal property investments, estimated to be worth $512,828, officials said.
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