By Chris Fox, Austin Bureau Chief | 1080 KRLD

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AUSTIN (CBSDFW)  A business-friendly environment and low cost of living are among the top reasons Toyota is making the move to Plano.

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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.

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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.

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