Texas today won the economic development jackpot, as Toyota announced it is moving it's North American headquarters, with 4000 executive and sales jobs, from suburban Los Angeles to Plano, near Dallas, 1200 WAOI news reports.
"Over the past decade, Texas and Toyota have developed a strong partnership that has resulted in good paying jobs for thousands of Texans," Go. Rick Perry said, pointing out that Toyota’s positive experience with it's successful San Antonio truck plant led to today's announcement. "Toyota understands that Texas' employer friendly combination of low taxes, fair courts, smart regulations and world class workforce can help businesses of any size succeed and thrive."
Perry said the Texas Enterprise Fund, which is under attack by many members of the Legislature as a 'slush fund' for the governor, was key in attracting Toyota to move from California to Texas.
"We are excited that our state will be the nexus for Toyota's North American operations moving forward," Perry said.
He said the Toyota move amounts to a $300 million capital investment.