AUSTIN(CBSDFW.COM) – Kubota Tractor and Credit Corporations will relocate their corporate headquarters from Torrance, California to Grapevine, Texas.READ MORE: Dallas County, Cities Of Dallas And Mesquite Announce $70M Joint Effort To Reduce Homelessness
Governor Greg Abbott’s office says Kubota’s headquarters relocation is projected to create at least 344 new jobs and $51 million in capital investment in Texas. A Texas Enterprise Fund (TEF) grant offer of $3.8 million has been extended to Kubota Tractor Corporation.
“I’m proud to extend a warm Texas welcome to Kubota and I know their investment in Texas will allow their company to grow, prosper and create even more jobs in the coming years,” said Governor Abbott. “Thanks to our low-tax, low-regulation environment that allows all businesses to thrive, we are able to bring job creators like Kubota to Texas.
“Our decision to relocate our corporate headquarters to a more central part of the U.S. was a major part of our future business strategy, but which state we would ultimately choose was not,” said Masato Yoshikawa, President & CEO, Kubota Tractor Corporation. “Texas ultimately helped make that decision easier. Their business friendly climate, state incentives and geographical location were important factors in our final decision.”READ MORE: U.S. Citizen Wanted On Multiple Child Sexual Assault Charges Arrested At Southern Border
The City of Grapevine and the Dallas Regional Chamber partnered with the Office of the Governor to facilitate state and local support for Kubota’s relocation.
“The City of Grapevine is proud to partner with the State of Texas and Kubota Tractor Corporation by welcoming Kubota’s new corporate headquarters to Grapevine,” said Grapevine Mayor William D. Tate. “Kubota’s history and products complement the heritage of our community, and this partnership marks an important milestone in the continued development of the City of Grapevine.”
Construction on Kubota’s Grapevine facility will begin this year and is scheduled to be completed by the first quarter of 2017. The company currently has a facility in Fort Worth that employs approximately 100 workers.MORE NEWS: Southwest Airlines CEO Gary Kelly To Step Down In 2022
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