Incentives for Toyota-Mazda plant in Alabama

Incentives for Toyota-Mazda plant in Alabama

Incentives for Toyota-Mazda plant in Alabama

The plant will roll out 300,000 vehicles per year, a combination of the Toyota Corolla compact auto and a new small crossover SUV from Mazda.

Thursday, the Huntsville City Council approved a $320 million local incentive package for the plant.

Alabama's total incentive package to Toyota and Mazda will top $700 million after local incentives are added to what the state offered to land the companies' new US factory. Production is scheduled to start by 2021. "We can't wait to see "Made in Alabama" in those vehicles rolling down the assembly line".

"This is indeed a great day in Alabama", an upbeat Gov. Kay Ivey said Wednesday, flanked by company executives at a news conference in the state capital, Montgomery.

The plant is projected to employ about 4,000 workers and produce approximately 300,000 vehicles a year.

According to the centre, Alabama produced 9 per cent of the cars made in the country.

"Alabama was more equipped for this plant as it already has others".

The plant will make the Toyota Corolla sedan and a new Mazda crossover.

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