La Palma Businesses Reject Empty Promises
La Palma’s business community, represented by the Federation of Business Associations (FAEP), has expressed “deep disappointment” at Science Minister Diana Morant’s recent announcement of a potential €400 million investment linked to the Thirty Meter Telescope (TMT) project. Entrepreneurs argue such vague promises without concrete guarantees only create false hope while ignoring the island’s urgent economic needs.
Stop Using La Palma as a Bargaining Chip
The business sector demands an end to using La Palma “as leverage in scientific or political debates.” Instead, they insist Spain’s government must immediately implement the long-promised 60% income tax reduction for local residents—a crucial measure stalled despite the island’s dire situation.
A Crisis That Can’t Wait
“La Palma’s situation is critical,” states the business federation. “Tourism has virtually disappeared, businesses fight for survival, and families live on the edge. We don’t need distant, uncertain promises—we need real, effective measures now.” The collapse of the island’s tourism-dependent economy has created unprecedented challenges for local enterprises.
No More Smoke and Mirrors
“The island’s future can’t depend on headline-grabbing announcements lacking consensus, feasibility, or clear timelines,” the statement concludes. “What’s urgent is saving the present. Enough smoke and mirrors—fewer grandiose promises, more concrete solutions.” The federation’s strong wording reflects growing desperation among La Palma’s business owners.
