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

Cameron Aubernon
by Cameron Aubernon
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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  • Thornmark Thornmark on May 16, 2014

    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.

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    • Stuki Stuki on May 17, 2014

      @Lorenzo Moneymaking is not at all vilified in California, as long as "the right people" make the money. California is just a few steps further down the Progressive drain than most of the country. Hence, who shall earn what, like all else in Progressive Dystopias, should be determined by "policy." Meaning, in practice, for those of us of above average indoctrination resistance at least, that it should be determined by the ruling caste. It's much more of a pull up the ladder scheme than an outright rejection of making money. Hollywood starlets making money is a-ok, as long as they are dumb enough to believe they are better off being a Cuban when they get cancer than a Texan with a corporate job at Toyota. Heck, even people making millions off of building weapons are just fine, as long as the weapons are reserved for oppressive governments, rather than regular citizens.

  • April April on May 16, 2014

    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. :(

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    • Highdesertcat Highdesertcat on May 18, 2014

      @April Kenmore, traditionally, as well as in societies, birds of a feather have flocked together. And I do not believe that anyone is being forced to move anywhere. I remember during my days in the military, interracial marriage was never an issue within the military. But assigning interracial couples to certain states within the union was a no-no. So we, the military, worked around it. The interracial couples didn't flaunt it, didn't demand special acceptance, and the military made assignment concessions if a black man, married to a white European woman, asked not to be assigned to progressive Democrat states of the Southern US of A. I had several black munitions loaders working for me who brought back a white German girl as their wife, and we, the senior NCOs made sure we addressed the ramifications with our subordinates. While in the military, just like now, we had a fair number of homosexuals. Never an issue. We judged them solely by the performance of their work, just like anyone else. But in this day and age, many military people, as well as civilians, resent the special treatment that homosexuals demand because they view themselves as different, and this causes all sorts of issues, like when a cop makes an arrest and the person declares themselves to be a homosexual. Man, it's hands off when that happens! Really scary for cops because they can get hit with all sorts of claims of discrimination. The list goes on and on, and I can understand the concern that homosexuals have about the discrimination against them, but I can't help but wonder how we got here, today, with all those homosexuals in our society, before they started demanding special rights and recognition. It seems to be an issue now, where it never was in the past. Back then, a homosexual couple drew up a Power of Attorney, recorded it without drama, and the world went on turning. When I got married, there wasn't near the fanfare there is around same-sex marriages these days. This is an agenda. And I bet it won't be an issue for the Toyota move, unless the homosexual community raises the issue and makes it an issue.

  • Thelaine Thelaine on May 17, 2014

    It's damn near impossible to destroy a beautiful, wealthy state like California. The left is kind of making a project out of it.

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    • TOTitan TOTitan on May 18, 2014

      @highdesertcat hdc Do you really think El Paso is nice? The climate is horrid and they are out of water. They are facing a bleak future. Regarding Texas being such great place to go, here's a article from an El Paso newspaper that tells it like it water, and crumbling infrastructure so bad they have torn up some paved roads and turned them into gravel roads due to lack of revenue.

  • Jimbob457 Jimbob457 on May 18, 2014

    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.