Alabama among two finalists for Toyota-Mazda plant, reports say

Elias Hubbard
November 15, 2017

North Carolina, home to the tech triangle, does not now host an automotive plant.

North Carolina is one of the final two states in the running to get a prized Toyota-Mazda factory worth $1.6 billion, Bloomberg reports. The other three mega-sites are near Siler City and Moncure in Chatham County and east of Rocky Mount in Edgecombe County.

Tennessee, Texas, and SC were among the more than dozen states linked to the factory.

A Tennessee official confirmed last week that a site near Memphis had been taken out of the running. The Jackson Sun newspaper quoted an economic development executive who said he believes North Carolina is the leading state with SC - not Alabama - the other contender. North Carolina is the sole other contender.

Activity at the site in recent weeks suggests that local officials are taking no chances.

Randolph County is in the process of expanding its site by rezoning 370 acres to add to the 1,500 acres that comprise the site. Toyota plans to assemble the Corolla sedan at the plant, while Mazda said it will use the factory to produce new crossover vehicles for the US market.

Mazda and Toyota declined to comment for Bloomberg's story. Toyota and Mazda are angling to receive an incentive package of at least $1 billion for the upcoming plant estimated to carry a value of $1.6 billion.

By the time the plant opens in 2021, parts suppliers and other support operations would likely set up shop nearby, bringing more jobs.

Other reports by Click Lancashire

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