Toyota Texas Move to Help City Economy by $7.2 Billion
- Mark Densel
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(may 16 2014)The location of Toyota Motor Corporation’s U.S. headquarters to Plano, Texas, is likely to bring 7.2 billion dollars of economic activity over 10 years, according to an analysis for the city.
The total figure encompasses $4.2 billion from payroll, together with direct & indirect spending, and sales & property tax revenue, according to the research by a Chicago-based audit, tax & advisory company, Grant Thornton. The report of the analysis was released 12th May, when the city, a suburb of Dallas, approved incentives for the company.