MAYOR HARRY LAROSILIERE ANNOUNCES TOYOTA HEADQUARTERS RELOCATION TO PLANO, TX

Mayor of Plano Harry LaRosilier announced that Plano will be the new home of Toyota’s U.S. headquarters, says negotiations with the company have been nonstop since February.
Plano Mayor Harry LaRosiliere said at a news conference Monday, “Obviously, something like this is years in the making but over the last three months, we’ve been a major part of the conversation.”
Toyota announced Monday it would move its U.S. headquarters North Texas. The new $300 million headquarters will house approximately 4,000 Toyota jobs that are currently located in Torrance, CA (2,000 jobs at Toyota Motor Sales); Erlanger, KY (1,000 jobs at Toyota Motor Engineering & Manufacturing North America, Inc.); and some employees from Toyota Motor North America in New York, NY.
A majority of these jobs will not be relocated until the new headquarters in Plano is complete in late 2016 or early 2017.
Sally Bane, Plano’s director of economic development, says when Toyota began to hone in on Texas, the city started an aggressive marketing campaign, including hiring a private consultant to help convince Toyota to move to Plano. Texas offered Toyota $40 million in incentives from the taxpayer-funded Texas Enterprise Fund.
Plano Mayor Harry LaRosiliere helped establish the Plano Economic Development Fund in 2005 to attract and retain business in the city. Plano has since been able to land huge corporate citizens such as FedEx, Pizza Hut, Capital One, J.C. Penney, USAA, and now Toyota.