Another Southern state is out for $1.6 billion Toyota-Mazda plant

Friday, 10 November 2017, 10:05:46 PM. Analysts continue to say the search for a home for the manufacturing plant is down to possibly four Southern states.
Another Southern state is no longer being considered as a site for the proposed $1.6 billion Toyota-Mazda plant. The Jackson Sun is reporting that Tennessee economic development officials say the state's Memphis Regional Megasite has been removed from consideration for its new plant. The site, located 30 miles outside Memphis and 12 miles outside Brownsville, has seen the state appropriate more than $140 million since it purchased the land in 2009. Tennessee Economic and Community Development Commissioner Bob Rolfe was quoted by the paper as saying the reason Toyota-Mazda passed on the Megasite was because the site is not "shovel-ready" as compared to other sites in other states. In October, sources said the search for a home for the manufacturing plant is down to possibly four Southern states. According to Bloomberg, Toyota Motor Corp. and Mazda Motor Corp. want an incentive package of at least $1 billion to get the sought-after factory. Toyota and Mazda plan to announce a final selection by the end of year or the beginning of next year, reports say. Alabama was one of 11 states on the short list for the announced $1.6 billion Toyota-Mazda manufacturing plant. In August Toyota and Mazda announced they will build a manufacturing plant in the U.S., which is expected to create as many as 4,000 jobs. The plant is projected to be operational by 2021, but a location has not been announced....Read more
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