"The City of Memphis has collected all taxes owed by Elon Musk's xAI before the payment deadline, creating a $3.2 million special revenue fund to support communities affected by the company's operations."
""With that ordinance, we are in the near future getting ready to set up the committee because this is the people's money," Cooper-Sutton said. "We wanna make sure that it is used for the people.""
""It is truly, truly a blessing. What we are doing here at this body and this council, we wanna make sure that whatever business that comes here, that the people are treated fairly and with equality," she stated."
Memphis collected all taxes owed by xAI before the deadline, creating a $3.2 million special revenue fund dedicated to impacted communities. City officials confirmed the funds will be reinvested in neighborhoods near xAI's Colossus supercomputer. The mayor's administration outlined allocations prioritizing infrastructure improvements and quality-of-life projects in affected areas. Public input will guide spending via resident surveys and a community committee before a final proposal goes to the city council. Council representatives emphasized using the funds to ensure fair treatment of residents. xAI's presence is also expected to support workforce development and new local job pathways.
Read at TESLARATI
Unable to calculate read time
Collection
[
|
...
]