Saying Fayetteville and Lincoln County is in a “really sweet spot” for the $1.6 billion Toyota/Mazda assembly plant planned in neighboring Madison County, Ala., officials on the Industrial Oversight Committee here are reviewing their options, which could include pursuing the acquisition of developable property.
“We have a lot of good things going on, and all the projections for 2018 look good,” said Elaine Middleton, executive director of the Fayetteville-Lincoln County Industrial Development Board, Tuesday as she briefed members of the Industrial Oversight Committee on recent activity. “We’re in a really sweet spot for the Toyota/Mazda plant because of our location and our infrastructure.”
In January, Toyota Motor Corp. and Mazda Motor Corp. announced they would build a joint assembly plant in Huntsville that would employ up to 4,000 workers, earning an average wage of $50,000 per year. The plant is expected to produce 300,000 vehicles a year and should open on a 2,500-acre former cotton field in 2021, about 14 miles from Toyota’s engine plant in Huntsville. Toyota plans to build Corolla cars at the plant, while Mazda will build crossover SUVs. Alabama will provide tax incentives, officials there have said, indicating the state tax incentives are worth $370 million but stopping short of disclosing how much the local incentives are worth.
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