Long before Toyota opens it new North American headquarters in Plano, the company will have a significant impact on the city’s bottom line.
North Texas leaders are still bragging, and with good reason. Toyota will be moving to Plano. It is official. The city council voted unanimously on an agreement with the automaker.
Toyota is now Texan. Monday night Plano approved the largest incentive package in the city’s history. Now CBS 11 News has learned more about what the biggest economic development in the city will mean for residents.
The big incentive package that lured Toyota to North Texas could get the green light on Monday. Landing the deal came down to more than schools, but now officials have to approve it.
The City of Plano has laid out the incentive plan they used to lure Toyota’s new headquarters to town. The plan is worth about $6.5 million and will be paid out through 2017-2018.
Dallas Mayor Mike Rawlings says that Toyota considered relocating to Dallas, but decided against the city because the school district simply wasn’t good enough.
With eight months left in office, Gov. Rick Perry is away from Texas almost as much as he’s home — hitting the road hard to tout his state as America’s best place to do business.
The world’s largest automaker is preparing to move its North American corporate headquarters to North Texas, and bring thousands of jobs with it.
Toyota announced on Monday afternoon that it is moving its U.S. headquarters to Plano. The automaker plans to construct a new campus, which breaks ground this fall.
The redesigned 2015 Camry, unveiled Tuesday at the New York Auto Show, is longer and wider, with a more aggressive design.
Toyota said on Wednesday that it is recalling 1.9 million hybrid Prius cars, including 713,000 in North America, due to a software glitch that could cause the vehicles to stall.
The deal makes Toyota an official partner of the Daytona 500 and gives the company pace-car privileges. The means a foreign manufacturer will lead the field under caution at “The Great American Race.”