The mayor's office in San Antonio says that the city's economic development team has met with Toyota officials and is providing the Japanese company with loads of information about San Antonio. "There is a coordinated effort at the local, state and federal level that is very focused on being responsive to Toyota," says Steven Schauer, a communications assistant to Mayor Ed Garza.
The state is offering a package of incentives, but the details aren't being made public. "The city has met with Toyota, but right now it would be inappropriate to give details of those discussions," Schauer tells GlobeSt.com. "We're here respecting Toyota's independent business decision that they're making and evaluating."
Toyota has scouted two properties in the San Antonio area. One is in southwest San Antonio and the other is in Schertz, a community on the Interstate 35 corridor just north of San Antonio. Both properties are undeveloped.
A Toyota contact says the company has no decisions on whether to build another plant, let alone where it would be. She tells GlobeSt.com that Toyota representatives visits cities from time to time. "We do that as a matter of general business practice. Part of Toyota's philosophy is to look toward the future, so we're continuously evaluating situations like that."
Despite the Toyota comment, word on the street is strong that the company is looking. Press reports say Toyota also is considering sites in or near the towns of Como, MS; Jackson, TN; Fackler, AL; and Marion, AR. The company's current American manufacturing locations are in Georgetown, KY; Princeton, IN; Long Beach, CA; and Cambridge, ON.
Earlier this month, Toyota said it will be building a plant in Tijuana, MX to make Tacoma trucks. The company plans to spend $140 million in the factory, which would have 460 employees when it begins assembling trucks in 2005.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
