Alabama Reels in $1.6B Toyota-Mazda Plant

The highly coveted auto manufacturing facility project, and the 400,000 new jobs that will come with it, are a coup for Huntsville.

The nationwide competition for Toyota Motor Corp. and Mazda Motor Corp.’s new joint-venture manufacturing plant is over, and Alabama has emerged victorious. The companies joined Alabama Gov. Kay Ivey on Wednesday, January 10, to announce that the $1.6 billion facility—and the roughly 4,000 jobs it will create—will go to Huntsville.

A bevy of states from across the country vied for the Toyota-Mazda project in a process spearheaded by commercial real estate services firm JLL on the manufacturers’ behalf. “After a thorough national evaluation process, Huntsville was selected as the ideal location for the new plant,” Meredith O’Connor, international director with JLL, said in a prepared statement…

Alabama Reels in $1.6B Toyota-Mazda Plant

Categories : Finance

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