Today Toyota Motor North America announced they will be building a major-scale battery manufacturing plant to North Carolina, bringing 1,750 jobs to Greensboro, NC.
Toyota will invest $1.29 billion at the Greensboro-Randolph Megasite, which will initially produce batteries for Toyota’s hybrid electric vehicles and later produce batteries for battery electric vehicles in the long term.
House Speaker Tim Moore said, “I am proud of the hard work the General Assembly has done to ensure North Carolina is a state ripe for new business and innovation. North Carolina consistently ranks as the nation’s top state business climate.”
He continued, “We have a balanced budget, have invested in a strong workforce, and we’ve maintained a AAA credit rating. As North Carolina continues to grow, Toyota’s investment is a sign that we are doing the right things to attract people and businesses to our thriving state.”
Senate Leader Phil Berger said, “I welcome Toyota to North Carolina. We’ve worked hard to transform North Carolina into a jobs-friendly state with low taxes, reasonable regulations, and a world-class education system. As a result, companies big and small are creating jobs here, continuing a decade of growth.”
This is the largest capital investment in the history of our state.