Toyota Plans Major Investment in Texas Plant

Overview

Toyota Motor Manufacturing Texas is set to expand its operations in San Antonio, Texas, with a significant investment of $531.7 million. This expansion includes building a new facility and enlarging the existing plant to over 500,000 square feet.

Current Production

The facility currently produces the Sequoia and Tundra models, with plans to create 411 new jobs with competitive wages. The base hourly wage will be $20.54, with an average annual salary of $68,245.

Local Support

Bexar County has shown support for Toyota’s expansion plans by offering incentives such as a 10-year, 100% tax abatement worth $14.7 million. Additionally, a skill development grant of up to $250,000 is being provided for 250 jobs with a minimum hourly wage of $34.55.

Community Response

County Judge Peter Sakai expressed optimism about the negotiations, emphasizing the importance of creating new jobs and growing the local economy. Toyota’s presence in the community is seen as a positive partnership that benefits both parties.

Future Outlook

With more than 3,800 employees currently at the Texas facility, Toyota’s investment signals a commitment to long-term stability and growth. The company continues to evaluate opportunities for expansion and innovation in its North American operations.