Greg Abbott: Toyota's grand opening in Plano symbolizes the success of the Texas growth engine
In 2014, Toyota Motor North America announced it would move its headquarters from Torrance, Calif., to Plano, consolidating its widely spread workforce from three other states to a new $350 million, 2 million-square-foot campus at Legacy West. And today we could not be more proud to celebrate the grand opening of what is, by far, one of the largest economic development deals completed in the state.
When Toyota broke ground in 2015, the company expected to house approximately 3,500 employees in the new facility. That number has now increased to 4,000, creating more jobs and more opportunities for the citizens of Texas.
“Made in Texas” is a powerful label, and Toyota’s roots in Texas date back to 2006, when Toyota Motor Manufacturing went big in Texas by beginning production of Tundra and Tacoma pickup trucks just south of San Antonio. Toyota’s decision to continue to invest in Texas is a true testament to the competitive business climate and available, skilled workforce that the Lone Star State offers.
As governor, I want to ensure that our job-ready workforce of both today and tomorrow have the resources needed to keep Texas’ economy growing and thriving. We not only understand the needs of our workforce, but also the needs of job creators, and we will ensure that Texas remains the best state for business.
During my first term as governor, we made economic strides by investing in our workforce and further reducing taxes and regulations that stand in the way of businesses’ ability to flourish. We established the Tri-Agency Workforce Initiative to assess local economic activity, examine workforce challenges and opportunities, and introduce innovative approaches to meeting the state’s workforce goals.
The Texas model is proof that limited government secures economic liberty and encourages unlimited opportunity. Restrained government, lower taxes, smarter regulations, right-to-work laws and litigation reform, these are the pro-growth economic policies that help free enterprise grow.
As the 10th-largest economy among the nations of the world and home to 50 Fortune 500 headquarters, Texas offers a business-friendly climate, with no corporate income tax and no personal income tax, along with a highly skilled workforce, easy access to global markets, robust infrastructure and predictable regulations.
With the combination of global business leaders, entrepreneurs, elite academic institutions and our outstanding business environment, companies of all industries and sizes will continue to thrive in Texas.
Greg Abbott is the governor of Texas. Website: gov.texas.gov
This article is reprinted by permission from Source link