Santa Fe Democrats underwrite $1 billion solar plant with $0.6 billion of NM Taxpayer Money.

$0.6 Billion is the cost of overcoming NM Education, Crime & Infrastructure Crisis for just one company

Santa Fe Democrats recently celebrated a new 1.0 billion dollar (with 0.6 billion incentives) solar panel plant being built in Albuquerque by Singapore’s Maxeon Solar. Meanwhile Phoenix Republicans celebrated a 30.0 billion dollar (no report of incentives) computer chip plant being built outside of Phoenix by American Intel/Brookfield. Why do the hardworking people of New Mexico have to pay companies to come to New Mexico.

NM is ranked fiftieth of educating its youth. NM Senate Majority Leader, Mimi Stewart and indicted Ex-NM House Speaker Sheryl William Stapleton and their fellow Santa Fe Democrats put and kept New Mexico at the bottom of all fifty states for education.

NM is ranked forty-fourth in keeping our youth and ourselves safe. Santa Fe Democrats misled New Mexicans to believe eliminating cash bond would save our youth. Instead our youth are dying violently at the highest rates ever.

NM is ranked forty-fourth economically. Santa Fe Democrats have created an environment that is only friendly to Big Labor industries and to Addiction industries (legal and illegal drug trade, sex trafficking trade, gambling trade, liquor and alcohol trade). All other industries have to be subsidize to come to New Mexico or unable unable to leave (military bases and government laboratories) our state.

NM is ranked forty-seventh for rural internet and road infrastructure. Santa Fe Democrats are stuck in the past with land based rural internet. Rural New Mexicans could have internet within thirty days if they did not politically oppose Elon Musk’s Starlink network. Santa Fe Democrats would rather put NM tax dollars into Spaceport America, RailRunner and Albuquerque’s ART than our highway network.

NM is ranked forty-first for opportunity and equality. I understand why our state ranked low for opportunity, Santa Fe Democrats policies have created huge job growth in the addiction industries (see definition above) which are historically low paying jobs that fail to provide a path out of poverty. I don’t understand how our state can be minority majority state, run by Santa Fe Democrats for decades and rank low for equality. How are Santa Fe Democrats perpetuating inequality?

Santa Fe Democrats failure to educate our youth, provide safe communities, a lack of economic opportunities, a crumbling highways network and the continued struggles of our “minority majority” is why New Mexico was not originally considered by Maxeon Solar. Once Santa Fe Democrats offset those failure with 0.6 billion dollars in subsidies was Albuquerque chosen. 0.6 billion dollars is the value one company places on the failures of the Santa Fe Democrats.

Maxeon Solar may be as desperate as Santa Fe Democrats. The Motley Fool website listed three solid reasons why Maxeon Solar stocks recently dropped precipitately,”… missed badly on revenue, management forecasts continued weak sales in Q3, and probably Q4 as well. At the same time, Maxeon is building even more production capacity in a weak demand environment.” With NM’s 0.6 billion dollars contribution combined with Albuquerque’s Industrial Revenue Bonds (guarantee by Biden’s Inflation Reduction Act), Maxeon has almost zero invested in New Mexico.

Maxeon will need need huge luck to avoid fate of other American bankrupt solar panel manufacturers. Albuquerque’s Schott Solar (our company was one several companies that built Schott Solar Albuquerque plant) (which literally went up in flames this past week). Tucson’s Global Solar (I choose not invest in purchase the assets out of bankruptcy) ended in bankruptcy. Even Obama’s Solyndra ended in bankruptcy despite hundred of millions in subsidies. The only winner in these endeavors were Chinese companies purchase the equipment from the bankrupt companies.

---

A recent Foreign Policy magazine headline, “The state (Arizona) will remain a destination for foreign investment due to a skilled workforce, leadership in water conservation, and low tax burdens.” Three important factors that entice business to move to Arizona. Assume that is why Virgin Galactic built their aerospace manufacturing facility in the Phoenix area and not the Albuquerque area.

The CEO of a well respected architect firm shared with me that an Arizona developer flew into Albuquerque to meet at the site for their new forty acres mixed use development near I-40 and Unser boulevard. As they listened to the developers vision for the site a young man stumbled into the group. He was clutching his stomach from a gun shot wound asking for help. After the ambulance left with the wounded young man the developer turned to the group and said he did not want to be associated with “this”. He ended with I am leaving and I am done with New Mexico.

Maxeon is a Singapore Based company. Singapore is a city/state/country that does not tolerate crime. Mandatory canning for vandalism. Sexual assault and prostitution sentences are up to five years in prison, if a person under 16 is involved additional years are added to the sentence. Outrage of modesty crimes may result in prison sentences. Lastly, mandatory death penalty for many narcotic crimes. What will happen when Singapore Business Leaders realize what Santa Fe Democrats sold them?

---

Once New Mexican’s elect individuals that are committed solving our state’s challenges and not protect Santa Fe Democrats political contributors. We will not have to bribe companies to come to New Mexico.