Toyota leader highlights North Texas' appeal to business leaders
At Thursday's North Texas Commission luncheon, Toyota leader Osamu "Simon" Nagata highlighted the advantages for the Japanese automaker to set up its new North American headquarters in Plano.
The beginning of Toyota's relocation decision can be traced to the company's close, decade-long relationship with the Lone Star state. So far, Toyota (NYSE: TM) has brought $2.2 billion of investment and nearly 3,000 jobs to Texas.
"On the business side, our idea of creating one Toyota will really allow us to work together," said Nagata, who flew into Dallas-Fort Worth that morning on a direct flight from Tokyo. "It will allow us to collaborate on the vehicles, respond faster to changing market issues and respond quicker to our loyal customers."
Other advantages to North Texas include the good business climate, the region's central location in the United States and the ability to grab a direct flight from Dallas/Fort Worth International Airport.
The presentation also included an artist's rendering of Toyota's new $350 million corporate campus in West Plano, which will house the company's 4,000 corporate employees once the building is finished. Last week, Toyota broke ground on its new headquarters.
A spokesman for Toyota declined to share the image of Toyota's corporate campus, adding the rendering has yet to be finalized for public consumption. Last year, the company began working with Plano's planning department on conceptual plans of the campus.