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TexasTowelie

(111,312 posts)
Mon Apr 28, 2014, 05:53 PM Apr 2014

Texas Enterprise Fund will grant $40 million to Toyota

The state of Texas is giving a $40 million grant to Toyota through the Texas Enterprise Fund, according to a statement issued today by Texas Gov. Rick Perry’s office.

The grant is based on Toyota’s commitment to generate about 4,000 jobs and invest $300 million in Plano for a new consolidated headquarters. Toyota also is seeking local financial incentives.

“Toyota understands that Texas’ employer-friendly combination of low taxes, fair courts, smart regulations and world-class workforce can help businesses of any size succeed and thrive,” Perry said in the statement.

Toyota already employs 2,900 people at manufacturing plan in San Antonio.

More at http://bizbeatblog.dallasnews.com/2014/04/texas-enterprise-fund-will-grant-40-million-to-toyota.html/ .

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Texas Enterprise Fund will grant $40 million to Toyota (Original Post) TexasTowelie Apr 2014 OP
Yeah, baby! Socialize your expenses. Send profits back to Japan. nt TheBlackAdder Apr 2014 #1
$10k per job is probably a good investment pipoman Apr 2014 #2
 

pipoman

(16,038 posts)
2. $10k per job is probably a good investment
Mon Apr 28, 2014, 06:04 PM
Apr 2014

I doubt this is the only incentive. A company here was enticed with benefits over the first 5 years of $20 million...for 250 jobs.... $40k seems excessive...

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