Automaker Toyota could be poised to make another big investment in San Antonio that could add 2,000 more jobs, the San Antonio Business Journal reports, citing paperwork the company filed with Texas officials.
Documents filed with the Texas Comptroller outline the Japanese company potential plans to drop $2 billion on an additional assembly plant on the South Side that would add hundreds to its workforce at an annual salary of about $123,000.
Even so, the San Antonio investment doesn’t appear to be a done deal, according to the Business Journal. The company’s filing notes that it’s in confidential discussions with other U.S. metros that have existing Toyota plants for the new production line. Those spots include Alabama, Tennessee and Kentucky.
Toyota Motor Manufacturing Texas Inc. already employs 3,700 people in South San Antonio at a sprawling manufacturing plant that produces its pickup trucks. That facility started production in 2006.
Assuming Toyota goes through with the South Side expansion, it wants start construction as early as this year and start cranking vehicles off the line by 2030, the Business Journal reports.
Toyota made its filing with the Texas Comptroller because it’s seeking a 10-year break in school property taxes for the proposed facility, according to the Business Journal.
Through the state’s Jobs, Energy, Technology and Innovation program, the new plant’s taxable value could be reduced to 50% of its appraised market value, cutting the taxes the company pays to the Southwest Independent School District.
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