Toyota to Spend $500M on SA Plant Expansion

Toyota opened its two billion-dollar San Antonio plant in 2006. Now, the company is looking to expand its operation for a third time by investing another $500 million. Toyota plans to build a new facility and possibly expand its existing plant, increasing its size by more than 500,000 square feet. The company estimates the facility would bring 411 new jobs with a base hourly wage of $20.54 and an average annual salary of $68,245.

The county commissioners’ approved the land use matters and now county officials will be able to negotiate an economic development incentive package for Toyota valued at over $14 million.

The San Antonio Report indicates the incentive package would include a 10-year, 100% abatement of real and personal property investments. In 2010 and 2019, the City of San Antonio and Bexar County each provided additional incentives when the company proposed investing millions to expand the plant, first for a Tacoma production line and later to grow the facility.