Toyota investment can lift Tennessee economy quoting : "The Commercial Appeal"

John Max

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By Cheryl Truman | Lexington Herald-LeaderGEORGETOWN — Toyota's Georgetown plant is getting $43.5 million in Kentucky economic incentives for the $1.33 billion investment in the Scott County plant that was announced Monday. KEDFA approved the $43.5 million tax incentives shortly after the Toyota expansion announcement was made Monday. Documents released by the Kentucky Economic Development Finance Authority said the average total hourly compensation for jobs at the plant is $45.47. The Georgetown plant is Toyota's largest plant in the world. "Toyota doesn't do it for the incentives," said Bevin, who owns a 1998 Toyota minivan.

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Toyota investment can lift Tennessee economy

Toyota investment can lift Tennessee economy

In Tennessee, suppliers are looking for new investment to accommodate the quicker shifts at Georgetown, the largest Toyota facility in the world. About 8,000 workers in supply plants throughout Tennessee make parts for Toyota vehicles assembled at Blue Springs, Mississippi; Georgetown; Princeton, Indiana; and San Antonio. (Photo: Calvin Mattheis / File / Knoxville News Sentinel)Tennessee's economy will get a lift as Toyota Motor Corp. goes through with its plan to upgrade its assembly lines at Georgetown, Kentucky. With seven Japanese auto parts companies in the area, including TBDN, Toyota Boshuku and UGN, Jackson has emerged as a center for Toyota parts production since 1986, when the automaker opened the Georgetown plant. This reduced warehousing expenses and moved inventory onto trucks constantly running between the assembly line and the parts plant.

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