Toyota Relocating Corporate Offices To Texas

[Rajoo]

Originally Posted by mpholland

They were going to move on their own. They had already narrowed it down to a few key places, Texas just happened to be willing offer a big financial incentive to boot.

Agreed. I have not looked into all of the details of the Texas transaction, but my intuition tells me that relocating current employees from California is not in the cards. Typically a state (or city) will offer incentives based on the number of "local" jobs they create.

[mpholland]

Originally Posted by BeamOn

Agreed. I have not looked into all of the details of the Texas transaction, but my intuition tells me that relocating current employees from California is not in the cards. Typically a state (or city) will offer incentives based on the number of "local" jobs they create.

Typically, corporate jobs are offered an opportunity to move with the company. Since this is a fairly extreme restructure, I am sure there will be some job loss as they are bringing folks from New York and Kentucky, as well as from California. I don't think there are going to be a whole lot of Texans working for Toyota for a while. It will however bring a lot of money to the local economy with several thousand new people spending money and paying taxes, plus a whole lot of Texans working to build the facilities.