AUSTIN (CBSDFW) A business-friendly environment and low cost of living are among the top reasons Toyota is making the move to Plano.READ MORE: Mesquite Officer Dies After Shooting Outside Grocery Store
Toyota North America CEO Jim Lentz told guests of the Austin Economic Club on Thursday the $40-million dollars received from Texas pales in comparison to the one billion dollars they‘re investing into building the Plano campus.
Lentz says issues like quality of life for employees played a significant role in selecting the North Texas city.READ MORE: Officials React To Mesquite Officer Killed On Duty
He cited both inexpensive land values and the transportation infrastructure improvements as valuable incentives.
“Part of that quality of life is work-life balance and that’s directly tied to commute times. We have people today that are driving two and a half hours each way to work in Southern California” said Lentz.
The commitment from Toyota to bring 4,000 jobs to Texas is part of the $40-million dollar incentive package. Lentz told reporters that he promises they will meet those totals.MORE NEWS: Fort Worth ISD Hopes To Hire Teachers 'On The Spot,' Offering Huge Incentives
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