Office of the Governor Rick Perry

What They're Saying About Toyota's Move to Plano, Texas

Wednesday, April 30, 2014  •  Austin, Texas  •  Press Release

"Toyota understands that Texas' employer-friendly combination of low taxes, fair courts, smart regulations and world-class workforce can help businesses of any size succeed and thrive. We're proud that both the Tundra and Tacoma bear the words ‘Made in Texas,' and we're excited our state will be the nexus for Toyota's North American operations moving forward." - Governor Rick Perry

Dallas Morning News Editorial Writer: "A Move Of 4,000 People Is Nothing To Scoff About. That's Huge."
"Toyota To Plano Is A Huge Win For The Area."
"And unless you are an economic purist and dislike the idea of states competing for talent, Toyota to Plano is a huge win for the area and likely to attract other companies to take another look at Texas."
(Jim Mitchell, "Toyota's move to Plano affirms Texas' jobs, cost advantages," Dallas Morning News, 4/29/14)

Dallas Morning News Real Estate Editor: "Toyota's North American Headquarters Move To Plano Will Be The Biggest Business Relocation There Since Electronic Data Systems In The 1980s."
"'This move is a whopper - a big-name, blue-chip-quality business we want in our marketplace,' said Jeff Ellerman, vice chairman of CBRE Group. ‘I'm surprised there hasn't been more of an exodus from the West Coast to D-FW.'"
(Steve Brown, "Toyota move is Plano's biggest since 1980s," Dallas Morning News, 4/28/14)

The Wall Street Journal: "Victory For TX Governor Rick Perry."
"The Japanese auto maker's decision to relocate is a blow to California, and a victory for Texas Gov. Rick Perry, who has been campaigning aggressively to persuade more companies to quit the Golden State and move to Texas."
(Mike Ramsey, "Toyota to Relocate U.S. Operations to Texas," The Wall Street Journal, 4/28/14)

Bloomberg: "The Surprise Move ... Also Represents A Victory For Texas Governor Rick Perry, Who's Made Repeated Visits To California To Lure Businesses To His State With Promises Of Lower Taxes And Easier Regulations."
(Alan Ohnsman, "Toyota Said to Plan to Move U.S. Sales Office to Texas," Bloomberg, 4/28/14)

Los Angeles Times: "The Automaker Won't Be The First Big Company Texas Has Poached From California."
"The automaker won't be the first big company Texas has poached from California. Occidental Petroleum Corp. said in February that it was relocating from Los Angeles to Houston, making it one of around 60 companies that have moved to Texas since July 2012, according to Texas Gov. Rick Perry."
(Jerry Hirsch and David Undercoffler, "Toyota to move jobs and marketing headquarters from Torrance to Texas," Los Angeles Times, 4/27/14)

Business Insider: "Rick Perry Takes A Victory Lap After Texas Takes Toyota From California."
"Perry has made luring out-of-state companies to Texas one of his major priorities. Last week, Perry traveled to New York in an effort to recruit businesses there to make the move."
(Hunter Walker, "Rick Perry Takes A Victory Lap After Texas Takes Toyota From California," Business Insider, 4/28/14)

Mark McKinnon: "It's A Walk-Off Home Run For Perry."
"'It's a walk-off home run for Perry,' said Republican political strategist Mark McKinnon, a top adviser in the presidential campaigns of John McCain and George W. Bush. ‘His jobs and economy narrative is now complete and real.'"
(Will Weissert, "Toyota move gives Perry win for possible '16 run," Associated Press, 4/30/14)

"[As] Much As We've Made Fun Of Rick Perry's National Recruiting Effort, The Fact Of The Matter Is That Texas Has Tools In The Texas Enterprise Fund To Close A Deal."
(Jim Mitchell, "Toyota's move to Plano affirms Texas' jobs, cost advantages," Dallas Morning News, 4/29/14)

Los Angeles Times: "Like These Other Companies, Toyota Could Also Save Money In An Environment Of Lower Business Taxes, Real Estate Prices And Cost Of Living."
(Jerry Hirsch and David Undercoffler, "Toyota to move jobs and marketing headquarters from Torrance to Texas," Los Angeles Times, 4/27/14)

"Toyota's Decision To Build A New North American Headquarters In Plano Gives Gov. Rick Perry More Bragging Rights Over Texas' Ability To Lure Companies And Jobs Away From Other States."
"Last week on a corporate recruiting trip to New York, Perry challenged that state's governor to a public debate over whether Texas or New York has a better business climate. Last year, he took trips to several states, including California and Illinois, touting Texas' business climate and job growth."
(Sheryl Jean, "Decision polishes Perry's claim of Texas as job mecca," Dallas Morning News, 4/28/14)

TEXAS BEATS CA, KY, NY, CO, GA, NC

"Texas' Job Gain Is California's, Kentucky's And New York's Loss."
(Sheryl Jean, "Decision polishes Perry's claim of Texas as job mecca," Dallas Morning News, 4/28/14)

"Real Estate Brokers Say That Toyota Looked At Locations In Texas, Denver, Atlanta And Charlotte, N.C., Before Picking Plano."
(Steve Brown, "Toyota move is Plano's biggest since 1980s," Dallas Morning News, 4/28/14)

MORE JOBS AND REVENUE FOR TEXAS

"Hiring ... Would Drive Up Household Incomes And Generate More Tax Revenue."
"Hiring, especially of managers and executives, would drive up household income and generate more tax revenue for Plano and nearby communities. One criterion for Toyota receiving a $40 million grant from the Texas Enterprise Fund is that new jobs must be paid above the county average."
(Sheryl Jean, "Decision polishes Perry's claim of Texas as job mecca," Dallas Morning News, 4/28/14)

"Payoff Multiplier Effect." "Toyota can expand anywhere, but Texas and Plano can make a strong case with a payoff in the multiplier effect from new home purchases and countless other spending gains."
(Jim Mitchell, "Toyota's move to Plano affirms Texas' jobs, cost advantages," Dallas Morning News, 4/29/14)

"Add Fuel To A Local Commercial Real Estate Market." "Toyota's move will add fuel to a local commercial real estate market that's already seeing its biggest boom in more than a decade, property executives say." (Steve Brown, "Toyota move is Plano's biggest since 1980s," Dallas Morning News, 4/28/14)

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