Subsidy Tracker Individual Entry

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: 
MEGADEAL
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: 
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