Toyota already employs 6,000 people with its San Antonio truck plant. Monday it announced it’s moving its corporate operations, as well as some manufacturing and sales and marketing offices — to Plano, where it will employ as many as 4,000 more.
The move comes mostly at the expense of Toyota’s current corporate home in Torrance, California.
“A lot of companies are bailing out of California,” says Collin College professor of economics Mike Cohick. High taxes and especially the cost of living are to blame, he believes. “It’s hard to get recruits in someplace where the cost of living is so high the recruit can’t afford to live there.”
Tom Branch, of the Collin County Association of realtors, says no matter how many Toyota…
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