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April 13, 2005

USA: Toyota to invest in new R&D centre in Michigan

Michigan State Governor Jennifer M. Granholm joined state, local, and company leaders in Ann Arbor today to announce that Tokyo-based Toyota Motor Corporation plans to invest $150 million in a new, state-of-the-art research and development facility in York Township.

Michigan State Governor Jennifer M. Granholm joined state, local, and company leaders in Ann Arbor today to announce that Tokyo-based Toyota Motor Corporation plans to invest $150 million in a new, state-of-the-art research and development facility in York Township.

The much-anticipated project is expected to create more than 670 Michigan jobs, including 400 directly by the company, and anchor future investment and jobs in the state.

Toyota ‘s investment here underscores Michigan’s importance as a vital center of the global auto industry,” Granholm said. “This decision is a testament to this state’s comprehensive and aggressive strategy for attracting and retaining automotive investment and jobs.”

The Granholm administration put together an incentive package valued at more than $38.9 million to convince Toyota Technical Center USA, Inc. (TTC) to create its new, state-of-the-art R&D facility in Michigan. The Michigan Economic Development Corporation approved the tax credit today. The Governor also worked with the state Legislature to convey more than 600 acres of state land to bring the automaker’s investment and jobs to Michigan.

Toyota Technical Center USA, Inc. was established in 1977 and has its headquarters in Ann Arbor. Toyota currently has 505 Michigan employees. Just last year Toyota completed work on the new Calty Design Research studio next to the Technical Center.

“We think the York Township property is large enough to give us the assurance of being able to plan for TTC’s short term as well as long term growth,” said Dr. Akihiko Saito, Executive Vice President, Toyota Motor Corporation. “The North American growth in sales opened the door for Toyota to establish our manufacturing operations which in turn supported the localization of our R&D presence. The York Township property will provide adequate space to conduct our engineering and research for Toyota ‘s core North American vehicle development programs.”

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