AUSTIN — Gov. Greg Abbott announced last week that Toyota Motor Manufacturing, Texas, Inc. will expand its U.S. manufacturing production capacity with a second vehicle assembly line in San Antonio.
The expansion doubles their existing manufacturing footprint in San Antonio and represents a $3.6 billion capital investment that will create 2,000 new jobs.
A Texas Enterprise Fund (TEF) grant of $20 million and a $50,000 Veteran Created Job Bonus have been extended to Toyota. The expansion is also a qualified project under the Texas Jobs, Energy, Technology, and Innovation (JETI) program.
“Texas is where the world builds bigger, and Toyota shows it once more with a $3.6 billion expansion in San Antonio that doubles their factory footprint and creates 2,000 new jobs,” Abbott said in a July 6 press release.
Abbott said the “Texas- sized investment” reflects the strength of the state’s workforce and the “unmatched business advantages” the state offers. “Texas has been an essential partner in Toyota’s growth for more than 20 years, and we’re grateful to Governor Greg Abbott and the State of Texas for their continued support of our San Antonio expansion,” said Toyota Motor North America President and CEO Ted Ogawa.
“This investment reflects our confidence in the people of Texas,” Ogawa said, “our commitment to American manufacturing, and our shared vision for innovation, opportunity, and long-term economic growth. Together, we’re building the next chapter of Toyota’s manufacturing legacy in America.”
Toyota Motor Manufacturing Texas has had a significant presence in Texas for more than 20 years. Toyota broke ground on the current 2.2-millionsquare- foot manufacturing facility in San Antonio in 2003 with production beginning in 2006.
The new facilities combined represent an $8.3 billion capital investment and will employ 6,100 San Antonians who assemble Tundras and Sequoias. Twenty-three on-site suppliers also employ 5,600 people.
In addition, Toyota Motor North America has been headquartered in Texas since 2014 and is home to 6,600 employees on the state-of-the-art $1 billion campus in Plano.
“Toyota Motor Manufacturing Texas’ decision to expand in San Antonio is tremendous news for our community and for the State of Texas,” said Sen. Roland Gutierrez. “The creation of 2,000 new jobs and an economic impact of more than $3.6 billion reflects the strength of our workforce, our business-friendly environment, and the opportunities that continue to grow in our region.”
“Texas is where the world builds bigger, and Toyota shows it once more with a $3.6 billion expansion in San Antonio.”
— Gov. Greg Abbott
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