Thursday, August 10, 2017

Bloomberg: Mississippi has shot at Toyota plant

Mississippi might have a shot at landing another Toyota plant.  Bloomberg News reported:


As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the U.S. for where to put the first auto assembly plant announced under President Donald Trump, one state looks like a frontrunner: Mississippi.

The Magnolia State already is home to a Corolla factory that’s been producing the compact car for almost six years. Toyota and Mazda plan to open a $1.6 billion new facility to produce that model, plus a Mazda crossover, starting in 2021.

Hanging in the balance for states vying for the factory are 4,000 jobs that the two Japanese automakers expect to create through their joint investment. Locating the plant near Toyota’s existing manufacturing site in Blue Springs would enable the two to source parts from companies nearby that feed components to the Corolla. A head-start on a supplier network would be particularly attractive for Mazda, which doesn’t have a U.S. plant.

 One option would be to build the new plant in Blue Springs itself. Toyota’s existing factory opened in 2011 as its sole U.S. assembly location for the Corolla. Roughly half the site the company acquired before breaking ground in 2007 is still vacant, with roads and sewers already in place awaiting further investment....

 Mississippi isn’t a sure thing. Vazin, the Toyota spokesman, described the state of the project as “very early days.” Jeremy Barnes, a U.S.-based spokesman for Mazda, said the companies’ intent will be to make the plant as efficient as possible.  Rest of article.
 However, don't order champagne just yet.  Bloomberg also reports in the article that Toyota likes to play the political game by spreading out plants in different states and may do so with this new plant.  

30 comments:

Alpha Storm said...

I'm thinking Somewhere near Grenada, Ms.

Anonymous said...

I am thinking a lot of temporary part time
Workers.

remember the beef plant and the many other great MDA sucksesses said...

Bend Over!

Anonymous said...

The devastating ass-whipping the UAW took in Canton certainly won't hurt Mississippi's chances.

Anonymous said...

There will be intense competition for the plant nationwide--all sorts of incentives will be offered from ALL competitors!!! ULTIMATELY the MOST important ingredient will be LABOR--the QUALITY--WILLINGNESS,TRAINABILITY, and ENTHUSIASM of the labor pool!!! Mississippi has been sorely lacking in the education component of "quality" but certainly makes up for that deficit in other areas. The recent defeat of UAW at Nissan is also a BIG HELP---GOOD LUCK!!!

Anonymous said...

No, lets remember Servicore, or Eurocopter, or any of the other major successes - without of course even throwing in Nissan or Toyota. Not every bet was a good one, but to say that there were no successes is just as stupid an attitude.

Anonymous said...

I think the whole TSUN debacle is going to cost us the new auto plant.

Anonymous said...

SE MS would be ideal.

Alabama has loads of Econ Dev happening near and around Mobile.

Keep it off coast due to hurricanes....But close to 10.

Anonymous said...

Hub city

Anonymous said...

Batesville would be a good location. Grenada, maybe?

Anonymous said...

Has anyone checked with the North Koreans to see if they're ok with this?

Anonymous said...

It's coming to Madison, Panther Creek is a Mega Site that's ready to build today.

Anonymous said...

As much of a shot as I do at winning the powerball

Anonymous said...

How many more taxes can we cut to get this deal?

We are in the hole and this deal will cost 2 billion plus.

Unless Thad steps up and the Feds put it here.....ain't happening.

Anonymous said...

I-20, between Meridian and Alabama line. Mega site available, in the auto-corridor, good workforce.

Anonymous said...

Hattiesburg is ideal. Short trek to three large ports and good interstate access.

Anonymous said...

I think just outside of Memphis is most likely.

Anonymous said...

Canton\ Madison have the inside track, Desoto and Hattiesburg need not apply... Meridian a possibility contingent on labor force studies.

Anonymous said...

If you are promoting Meridian for a auto plant location then you have brain damage

Anonymous said...

DeSoto County should get it. Market size, pool of available workers, infrastructure, etc.

Place your bets.

Anonymous said...

What plant manager would want to live in Grenada or Batesville???

Anonymous said...

I'm pushing for a location about half way between Shubuta and Pachuta.

Anonymous said...

7:32, then your damaged brain hasn't been keeping up with economic development for the past two decades if you think Meridian is not a possibility for this plant. Go home tonight, do your homework, and come back once you understand the process.

Anonymous said...

If it goes to Mississippi it will be near the feeder plants that are already in place. TVA and the rest of the feds will be pushing that.

Anonymous said...

It will be outside of Memphis due to existing site & distribution channels already in place. Oh well, time to move on...
https://www.usatoday.com/story/money/2017/08/04/toyota-might-look-tennessee-megasite-outside-memphis/540751001/

Anonymous said...

MAYBE THEY CAN put it in the old beef plant.... face it mississippi, the only growth industry here is government.

Anonymous said...

It will never be in Meridian. The local manufacturing companies will do all they can to stop it. They've always been against bringing in any business that might cause them to have to compete for good workers. 2 major interstates, 2 Class I railroads, but yet never any good jobs. Just look at the makeup of the EMBDC & MCC boards. But hey, we're paying a 2% tax to build a museum, and our title loan industry is thriving!

Anonymous said...

10:01 Agreed. The most ideal site with the most corrupt locals, when it comes to economic development.

Anonymous said...

"I think the whole TSUN debacle is going to cost us the new auto plant."
August 10, 2017 at 11:28 AM

Why would you think that news regarding a third-tier college, and some idiotic GAME, would be a consideration for the Japanese?

Boss said...

Since the lazy, knuckleheaded union sympathizers have been beaten back, we should have a good shot at a number of industries.

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