Plano Expected To Reap $7.2 Billion With $46 Million Dollar Investment In Toyota HQ

Toyota Motor Corp.’s relocation of its U.S. headquarters to Plano, Texas, may bring $7.2 billion of economic activity to the area over 10 years, according to an analysis for the city.

The figure includes $4.2 billion from payroll, along with direct and indirect spending, and sales and property tax revenue, according to the analysis by Grant Thornton LLP, a Chicago-based audit, tax and advisory company. The report was released May 12, when the city, a Dallas suburb, approved incentives for the company.

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