This N&O article discusses how North Carolina is reportedly still in the running for a Toyota-Mazda auto plant.
It could be just a matter of weeks before Toyota announces where it will build its auto plant venture with Mazda – and North Carolina is considered still in the running.
Most of the attention in North Carolina has focused on one of the state’s four “megasites” that is in Randolph County near Greensboro…..The car companies announced earlier this year that they were looking for a place to establish a plant that would manufacture 300,000 vehicles a year….The companies said the joint venture would create up to 4,000 jobs and entail an investment of $1.6 billion.
That’s the good news. The bad news?
Bloomberg News has reported that the companies want an incentives package worth $1 billion.
Surely, Gov. Cooper – who has been opposed to “corporate tax giveaways“, and has voiced support for “a fair but low tax environment” – will come out strongly against this unfair massive corporate giveaway.