Why bother with California, says Toyota

WWMT:

PLANO, Texas (NEWSCHANNEL 3) - Toyota is officially leaving its American headquarters in California to put down roots in Texas.

The Plano City Council, in Texas, gave final approval to an economic incentive package for Toyota.

The company has been given nearly $7 million in grants for construction on the automaker's new headquarters.

The project will reportedly generate more than $70 million in property and sales tax revenue for the city over a 10 year period.

"It felt great, because one of the things that was evident from the beginning was not so much about incentives and dollars, it's about the impact that they make to the community and this is a terrific corporate citizen," said Plano Mayor Harry LaRosiliere.

The agreement will provide more than 3,500 full-time jobs by December of 2018.