Monday, July 07, 2014

Toyota is moving from Torrance California to Plano Texas

Texas is footing a $40,000,000 dollar bill in state assistance... to a company worth $40,000,000,000 that is 40 million paid or waived on taxes to a company worth 40 billion. There's a 39 billion and 960 million dollar difference in those two numbers.

The money might not matter as much as the easier business and lower cost of living for the 3000 California employees and 1600 Kentucky employees.

Toyota says it's relocating to be closer to it's plants and factories, and to plan to do business for the next 50 years.

A good article in Car and Driver August 2014 is written all about it by John Phillips, page 28. 

1 comment:

  1. This sort of corporate welfare is ridiculous.

    ReplyDelete