|Texas Says, 'Howdy' to Toyota|
|by Tom McGregor||Mon, Apr 28, 2014, 08:29 PM|
Texas Gov. Rick Perry is convincing companies to move their operations from California to the Lone Star state. Accordingly, Japanese auto manufacturer, Toyota Corp., plans to transfer its U.S-based headquarters from a suburb of Los Angeles to Plano, Texas.
According to the Houston Chronicle, "Toyota delivered a surprise pink slip to California on Monday, announcing the company would move its U.S. headquarters and about 3,000 jobs from the Los Angeles suburbs to the outskirts of Dallas."
California is quickly turning into a statewide retirement community center and so it suffers from an aging workforce, as well as high tax rates, stiff business regulations and few freedoms.
As reported by the Houston Chronicle, "The world's largest automaker will keep a foothold in the Golden State — about 2,300 jobs will remain in California after the company settles into its new corporate campus in Plano, Texas. But the announcement is an economic and symbolic slap for California, a historic center of American car culture that has been trying to shake its reputation as a frustrating place to run a business, whether that involves shooting a film or selling a Prius."
Toyota is expected to invest $300 million into its new Plano headquarters.
To read the entire article from the Houston Chronicle, link here:
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