Alabama offered an incentive package worth over $379 million to lure the plant. That is in addition to $380 million announced by the state in tax abatements, investment rebates and the construction of a worker training facility.
Also, the TVA mega site was only 1,200 acres, but the plant required an additional 1,100 acres that the community partnership had to purchase. Production is scheduled to start by 2021. Toyota executives and Alabama Governor Kay Ivey are slated to attend that announcement, sources said.
Toyota and Mazda will join Mercedes, Honda and Hyundai in operating factories in Alabama. The state produced 9 percent of the cars made in the country, the center said. "Alabama is already home to hundreds of our team members who build 700,000 engines per year for North American vehicles at our plant in Huntsville".
"This project will really put Alabama at the center of the Southern automotive industry", Alabama commerce secretary Greg Canfield said. People look at N.C.as a retirement state.
The decision to pick Alabama is another example of a long trend of foreign-based automakers building US factories in the South.
The new plant will be based in Huntsville, which is already a hub for the region's budding aerospace industry.
The plant will make the Toyota Corolla sedan and a new Mazda crossover.