TORRANCE, Calif. (April 28, 2014) Toyota announced Monday that it is moving its U.S. headquarters from California to Plano.
The Japanese automaker said the move isn’t expected to begin until 2017.
Toyota says the new headquarters will bring together employees who are now scattered around the country.
Toyota will break ground on a new headquarters later this year and will offer relocation packages to the 1,000 employees who currently work at the Torrance headquarters.
Toyota opened the Torrance facility in 1982.
Sally Bane, Plano's director of economic development, says when Toyota began to hone in on Texas, the city started an aggressive marketing campaign, including hiring a private consultant to help convince Toyota to move to Plano.
Texas offered Toyota $40 million in incentives from the taxpayer-funded Texas Enterprise Fund.