The San Antonio City Council has approved about $10 million in incentives in hopes of luring Toyota to bring a $392 million upgrade to a truck plant there.
The San Antonio Express-News reports that the City Council approved the incentives on Thursday. Mayor Ron Nirenberg and his council colleagues approved the package after praising Toyota for the impact it has already had in the area.
The Japanese automaker is considering all of its North American plants for the investment in production-line technology, and San Antonio officials hope it selects the plant there.
San Antonio’s City Council on Thursday approved a slew of incentives that it hopes will help lure Toyota into bringing a $392 million upgrade to its South Side truck plant. Mayor Ron Nirenberg and his council colleagues approved the $10.3-million incentive package after commending Toyota for its already-profound impact on the South Side.
Thursday, San Antonio City Council approved a proposal aiming to make the city attractive for additional future investment.