Louisiana tried to woo auto plant with $500M in incentives

Share

"This is indeed a great day in Alabama", Ivey said.

Most of Toyota's USA plants are in the South, and all are non-union. "Welcome to sweet home Alabama".

The city of Huntsville will vote on additional incentives today, Underwood said. That figure does not include a local incentive package still being finalized.

For Toyota, this joint-venture plant will be its 11th US manufacturing facility and represents its continued commitment in the USA, in addition to the $10 billion dollar investment over the next 5 years that was announced in January 2017. Though that final site selection has occurred in Alabama, we believe we've built a strong case for future automotive manufacturing projects to locate in Louisiana. Foreign automakers are no stranger to investing in the USA, though, especially Alabama. To entice manufacturers, Southern states have used a combination of lucrative incentive packages, low-priced labor and a pro-business labor environment since the United Auto Workers union is stronger in Northern states. People look at N.C.as a retirement state. North Carolina now has no automotive plant, and has been courting the projects for more than 25 years. Overall it has 36,000 USA employees, not including those at dealerships.

Louisiana proposed huge incentive package to attract massive Toyota-Mazda plant that went to Alabama

"By making such cars here in Alabama, we hope that over time our plant will come to occupy a special place in the hearts of our employees and the local community".

Image: (left to right) Secretary Greg Canfield, Masamichi Kogai, Alabama Govornor Kay Ivey, Akio Toyoda, Huntsville Mayor Tommy Battle and Commission Chairman Mark Yarbrough. Last year, another Talladega County product, the Honda Ridgeline pickup, won Truck of the Year honors. Corolla sales fell 14 percent for the year, to just less than 309,000, according to Autodata Corp.

Alabama started on the road to becoming an auto manufacturing hub in 1993 when Mercedes chose it as the location for a manufacturing plant after the state offered a then-eye popping $250 million incentive package. Toyota Motor Manufacturing Alabama already employs more than 1,400 workers. In 2002, Hyundai announced an assembly facility in Montgomery.

Local MPs get Cabinet roles in Theresa May's reshuffle
Karen Bradley , another colleague she knows and trusts from her own past experience, was appointed to replace him. It was later confirmed that Brandon Lewis , formerly immigration minister, was the new party chairman.

Guardians of the Galaxy 3 Should Bring Kitty Pryde to the MCU
Fox has already set a February 14, 2019 release date for the film; no word if that will have to change given the new news. Its director, Gore Verbinski , just bowed out of the project and the studio is now searching for a replacement.

Dropbox IPO Filing Reportedly Made Confidentially
SEC Chairman Jay Clayton said when the updated rules were released, he hoped it would encourage more companies to go public. The company is expected to formally submit its IPO filing before the end of the second quarter, according to Bloomberg .

Share