August 11, 2017 Comments Off on $1.6B Toyota-Mazda Factory Spurs Supply Chain Hub Race Views: 1314 National News, Top National Stories

$1.6B Toyota-Mazda Factory Spurs Supply Chain Hub Race

The green flag has dropped in a race to secure a leading position as the next U.S. auto supply chain hub. At the finish line is a $1.6-billion assembly factory Toyota Motor Corp. and Mazda Motor Corp. plan to build on more than 1,000 acres. JLL is handling the site search.

No less than 11 states are vying for the opportunity, which could bring up to 4,000 jobs. The front-runners are Alabama, Florida, Kentucky, Illinois, Indiana, Iowa, Michigan, Mississippi, North Carolina, South Carolina and Texas.

Many foreign manufacturers prefer the southeast as a result of business-friendly labor laws in many states in the region, and suppliers are already adding facilities near some of initial plants in the area. That collaborative clustering has added to the region’s appeal, as the next round of car maker expansion shapes up. It is also expected government incentives will play a role in helping to attract companies.

Read more at Wall Street Journal


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