Subsidy Tracker Individual Entry

Company: 
Toyota
Parent Company: 
Toyota
Subsidy Source: 
multiple
Location: 
Texas
City: 
San Antonio
County: 
Bexar
Project Description: 

automobile assembly plant

Year: 
2003
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$133,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,000
Source of Data: 

The subsidy total and the state contribution as well as the jobs projection were cited in various news accounts and in a February 5, 2003 press release issued by Gov. Rick Perry (online at http://governor.state.tx.us/news/press-release/4371/). The city and county portions were cited in news articles such as: William Pack, "Incentives method OK'd," San Antonio Express-News, February 21, 2003.

Notes: 

The package included $60 million from the state ($27 million for training, $15 million for infrastructure and $18 million for employment services) and the remainder from the city and the county in the form of property tax abatements, land, site preparation and a training facility. The main Subsidy Tracker data includes a $4.85 million San Antonio property tax abatement entry and a $7.6 million Skills Development Fund entry, both for 2010.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.