Analysis: Toyota Could Bring $7.2 Billion To Texas Over Next Decade


Toyota’s big move from California to Texas may also bring a big return for Plano, Texas over the next decade, to the tune of $7.2 billion of economic activity.
Bloomberg reports an analysis by Chicago-based Grant Thornton LLP claims the $7.2 billion includes $4.2 billion from payroll taxes, as well as direct and indirect payments, and revenues from sales and property taxes. The analysis was issued on the same day Plano approved a large incentive deal for Toyota, including $6.75 billion in grants and property tax discounts. The state government also approved an incentive package, totaling $40 million.
The report also notes the move and consolidation of Toyota’s operations in the United States to Plano from California, Kentucky and New York, announced last month, is expected to bring as many as 3,650 full-time employees with an average salary of $104,000 by 2018.
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Nissan sales have soared since they left CA. Contrary to predictions. The Autoextremist guy thinks both Nissan and Toyota made bad decisions, but he lives in MI. Anyway, CA is in LT decline. No competent government would outright lie to its citizens and build not very high-speed rail up the central valley. Unless they are controlled by special interests.
I worry about the legally married same gendered couples who live in California and New York that will need to relocate to the anti equality state of Texas. Welcome to the state of second class citizenship. :(
It's damn near impossible to destroy a beautiful, wealthy state like California. The left is kind of making a project out of it.
The attraction of Plano is that is a new upper middle class suburb in the Dallas-Fort Worth metro area. It's schools are good. It has a low cost of living, housing is cheap, no state income tax, and it is a 3-4 hour plane ride to Los Angeles, Chicago, New York City, Atlanta or Mexico City. London, Tokyo, Sydney and Rio are doable non-stop within one day. The bad news is that it is in the middle of the hot and flat. The locals make do fairly well in spite of that. My daughter, who was raised in the suburb next door to Plano, now lives in El Lay and loves it. California has a huge advantage in its climate and access to the ocean and the mountains. You can now buy an In 'N Out burger in either place. It all depends on what you like.