PLANO, Texas (AP) — The mayor of the Dallas suburb that will be the new home of Toyota’s U.S. headquarters says negotiations with the company have been nonstop since February.
Plano Mayor Harry LaRosiliere said at a news conference Monday, “Obviously, something like this is years in the making but over the last three months, we’ve been a major part of the conversation.”
Toyota announced Monday it would move its U.S. headquarters from California to the Texas city located about 25 miles north of Dallas.
Sally Bane, Plano’s director of economic development, says when Toyota began to hone in on Texas, the city started an aggressive marketing campaign, including hiring a private consultant to help convince Toyota to move to Plano.
Texas offered Toyota $40 million in incentives from the taxpayer-funded Texas Enterprise Fund.