Company: Toyota Parent Company: Toyota Subsidy Source: multiple Location: Texas City: Plano Project Description: U.S. headquarters for Japanese automaker Year: 2014 Major Industry of Parent: motor vehicles Specific Industry of Parent: motor vehicles Subsidy Value: $55,300,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 4,000 Source of Data: The state grant and the employment projection came from "Texas Enterprise Fund will grant $40 million to Toyota," Dallas Morning News, April 28, 2014. The local subsidy estimate came from "$6.75 million Toyota Incentive Plan OK'd," Dallas Morning News, May 13, 2014. Notes: The subsidy package offered to Toyota for relocating its U.S. headquarters from Torrance, California to the Dallas suburb of Plano included: a $40 million Texas Enterprise Fund grant from the state; grants of up to $6.75 million from the Plano Economic Development Incentive Fund; and local property tax abatements worth an estimated $8.5 million over a decade. Overlap with main Subsidy Tracker data: The $40 million Texas Enterprise Fund grant is listed in the entries for that program. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.