Rick Perry Takes A Victory Lap After Texas Takes Toyota From California

[FarCenter]

Texas Gov. Rick Perry thinks Texas' "employer-friendly combination of low taxes, fair courts, smart regulations, and world-class workforce" are responsible for Toyota's decision to move its sales headquarters from California to the Lone Star State.

"Over the past decade, Texas and Toyota have developed a strong partnership that has resulted in good-paying jobs for thousands of Texans," Perry said in a statement about the automakers move Monday. "Toyota understands that Texas’ employer-friendly combination of low taxes, fair courts, smart regulations and world-class workforce can help businesses of any size succeed and thrive. We’re proud that both the Tundra and Tacoma bear the words ‘Made in Texas,’ and we’re excited our state will be the nexus for Toyota’s North American operations moving forward."

Toyota already has manufacturing facilities in Texas. Perry's office said the Texas Enterprise Fund offered Toyota a $40 million investment for moving its sales headquarters, which are expected to employ about 4,000 people.

Read more: http://www.businessinsider.com/rick-perry-victory-lap-texas-toyota-california-2014-4#ixzz30FKfh7lB

[oldandhappy]

1. We will see how Toyota feels in two years.

They need educated workers.

[pstokely]

2. you think they can't get educated workers in Plano

nt

[FarCenter]

3. UT Arlington has about 35 K students, UT Dallas has about 20 K

For a full list of Dallas-Fort Worth colleges and universities, see http://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_Dallas%E2%80%93Fort_Worth_metroplex

The University of Texas is very well funded: UT System to make $1 billion in oil, gas revenue this year from production in Permian Basin
http://www.dailytexanonline.com/news/2013/04/12/ut-system-to-make-1-billion-in-oil-gas-revenue-this-year-from-production-in-permian

[oldandhappy]

6. Thank you

Guess that plus the $40 million makes it a good move.

[Demo_Chris]

4. Silly post. nt

[tammywammy]

10. LOL!

DFW is full of excellent universities.

tammywammy, graduate student at UT-Arlington

[Gidney N Cloyd]

5. Something's got to be done about states poaching businesses from other states.

Businesses play one state against the other and wind up paying way less taxes than their fair share. Who winds up picking up the slack in the new state and holding the bag in the old state?

[politicaljunkie41910]

8. So you didn't actually create ANY net new jobs by poaching from other states.

The moment America realizes this race to the bottom is not in any of our interests, (except mayby the 1%ers) the better off she will be.

[betterdemsonly]

13. If they are profitable where the were and the only

motivation is make the rich richer why not put an added tax on them so they get no benefit from it?

[n2doc]

7. Another reason to avoid Toyota n/t

[Gidney N Cloyd]

9. But now when the accelerator sticks and you peel off out of control, the car will shout "Yee-Haw!!!"

(It's not a bug, it's a feature.)

[moondust]

11. Is this related to SB 1372?

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=4872471

[betterdemsonly]

12. Put a tax on profitable companies that

relocate for low taxes. We need to tax second homes so the real estate in blue states isn't so high priced, from speculation. Allowing all this real estate speculation just benefits jerks like Donald Sterling. It adds very little contribution to the economy.

My sisters keep getting transferred to talibangelical, women hating states, like NC and Tx and it is scaring the shit out of me. Big Business in the US are fundy enablers.