Toyota Weighs $500 Million Expansion of Texas Plant
Expected to Add More than 400 Jobs
Toyota officials outlined plans for a major expansion of its Toyota Motor Manufacturing Texas complex in a presentation prepared for leaders in Bexar County, according to the San Antonio Express-News.
The proposed project, valued at more than $530 million, would add a new building to the plant’s campus on the city’s south side and could expand the current facility. It would be the largest capital project in the plant’s 18-year history.
Officials expect it would create more than 400 jobs at the factory.
Toyota Says It Has “Nothing to Announce”
Further details about the expansion, including what type of new operations could be added, were not disclosed by the company, and Toyota officials only told the Express-News in a statement that it had “nothing to announce” at the current time.
Local Officials Consider Tax Breaks, Development Limits
Bexar County commissioners were reportedly slated to consider tax incentives worth nearly $15 million to support the project, including a skills development grant worth $250,000 and a tax abatement amounting to $14.7 million over 10 years.
The discussions coincide with San Antonio officials considering officially adopting a long-standing, controversial policy of limiting development around the Toyota campus. A developer sued the city and the automaker last year over what is known as the “Starbright Agreement.”
Toyota’s Plan Follows a Nearly $400 Million Investment
The San Antonio factory produces the Tacoma full-size pickup and the hybrid version of the Sequoia sport-utility vehicle. It currently employs some 3,800 workers.
The paper noted that the latest proposal follows an expansion of more than $390 million completed in 2022.
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