Bexar County Commission Grants $15 Million Tax Incentive for Toyota Plant Expansion

"Officials announcing Toyota expansion"

Bexar County Commission Grants $15 Million Tax Incentive for Toyota Plant Expansion

Bexar County Commission Grants $15 Million Tax Incentive for Toyota Plant Expansion

San Antonio, TX – Big Move for Toyota

The Bexar County Commissioners Court has given its approval for a tax incentive of nearly $15 million over the next 10 years for an extension plan at the Toyota Motor Manufacturing Texas, Inc. (TMMTX) facility. The decision is part of a broader plan aimed at creating more job opportunities within the region.

Plans for Expansion

The proposed plan, presented to the commissioners on May 21, outlines a significant expansion of the existing TMMTX plant. It encompasses the incorporation of a newly constructed, stand-alone building and the augmentation of the current facilities. The anticipated structural footprint is expected to span over 500,000 square feet.

Toyota has pledged to invest $531,720,000 into the project, which is estimated to create 411 new jobs paying an average salary of $68,245 per year or a base hourly wage of $20.54, as per the plan presented to the commissioners.

Additional Grants

In addition to the 10-year-long 100% tax abatement, approval was also granted for a skills development grant of up to $250,000 based on the creation of 250 new jobs with a pay grade of at least $34.55 per hour or $71,864 annually.

Impact on Communities

In the wake of the unanimous approval of the plan on June 18, Susann Kazunas, president of Toyota Motor Manufacturing, Texas, Inc., offered insight into what this substantial investment means for the local communities.

“This potential investment and job growth mirrors our unwavering commitment to job stability, long-term employment, and reinvestment of our profits into North America’s market and the success of our operational communities,” said Kazunas. She added that the county’s commitment to manufacturing, particularly in terms of infrastructural and workforce development, serves as the backbone for their ongoing success.

Local Support

Precinct 1 Commissioner Rebeca Clay-Flores, representing the district that houses the Toyota plant, expressed excitement towards the expansion and its potential to aid local communities. “We’re really excited to support this, to expand Toyota, and continue to build a career path, not just jobs but a career path for our constituents, not only in Precinct 1 but in Bexar County,” Clay-Flores stated.

Additional specifics about the forthcoming plans were not discussed during Tuesday’s meeting of the Commissioners Court.

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