Toyota invests nearly $14 billion on EV battery 'megasite' to turn struggling community into economic boom town: 'It represents generational wealth to families that haven't had it before'

URLhttps://www.thecooldown.com/green-business/toyota-
SourceThe Cool Down
Date Published06/30/2024

Additional Reshoring Information:

Company/Division name Toyota
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):5100
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):1400
Country(ies) from which reshored:Japan
City reshored to:Liberty
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV batteries
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:$469 billion
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