The complex economic development agreement also involves tax breaks on billions of dollars in computer equipment over time. A critic of the Utah plan, Salt Lake County Mayor Ben McAdams, said the cost to taxpayers was too steep. New Mexico officials have appeared eager to please Facebook after the state was hit hard by a downturn in the oil and natural gas sectors. Los Lunas economic development director Ralph Mims dismissed criticisms of the package state and local officials created to woo Facebook to New Mexico. “This is the biggest thing since Intel and you have to look at the economic development spillover.

Source: New Strait Times September 14, 2016 21:11 UTC