Subsidy Tracker Individual Entry
U.S. headquarters for Japanese automaker
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.
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.