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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