Toyota will be moving U.S. Headquarters from California to Texas

[Absolutely Red 12]

"Texas offered Toyota $40 million to move to the Lone Star State, part of a Texas Enterprise Fund incentive program run out of the governor's office. It is one of the largest incentives handed out in the decade-old program--and costs more per job created than any other large award. Last year, Texas spent about $6,800 to lure each of 1,700 Chevron Corp. positions to Houston and $5,800 for each of 3,600 Apple Inc. jobs shifted to Austin. Texas is paying $10,000 per job for the Toyota relocation."


So you'll be paying their salaries!!

[nookandcrannycar]

Originally Posted by Absolutely Red 12

So you'll be paying A PORTION OF their salaries!!

There. I corrected that for you .

Of course this will have a positive economic impact on that region......perhaps not the impact the Exxon Mobil North American HQ campus is having on our area, but it will still be significant. The Texas = low regulation/lack of red tape mantra stumbled when it came to the Tesla plant lost to California (Car dealer's lobby is too strong here to allow direct sales...I imagine Musk didn't take to kindly to that), but Musk didn't forget Texas after all....the lauch site SpaceX will use for satellites, etc. will be in Texas.