Toyota negotiating tax break for $531.7 million Texas investment

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Toyota Noticias

Toyota Motor Manufacturing Texas could receive $14.9 million in tax breaks and grant from Bexar County for a $531.7 million investment in its San Antonio plant.

Bexar County commissioners on Tuesday unanimously authorized staff to negotiate a deal that would give a tax break and grant totaling nearly $15 million to Toyota Motor Manufacturing Texas Inc., which is considering investing $531.7 million in its South Side manufacturing plant. Toyota’s project would create 411 jobs and could encompass more than 500,000 square feet of new space, according to county documents. The base wage of those roles would be $20.

Bexar County commissioners OK $12 million in subsidies for JCB Manufacturing The county is offering a 10-year, 100% tax abatement worth $14.7 million and a skills development grant of up to $250,000 based on Toyota creating 250 jobs paying at least $34.55 an hour or $71.864 annually. Staff are also exploring another potential grant grant for off-site public infrastructure improvements. A final agreement would require approval from county commissioners.

Massive development set for 2,000 acres of ranchland on San Antonio’s Southeast Side On Tuesday afternoon, San Antonio’s Zoning Commission is expected to discuss the city’s request to approve a rezoning request for land around Toyota’s facility — potentially ending a long-running clash over development in the area.

 

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