Tuesday, April 29, 2014

Toyota CEO on California to Texas Move : affordable housing and shorter commutes to the absence in Texas of a personal income tax.

Reuters reports on why Toyota is leaving California:
Toyota's chief executive for North America, Jim Lentz, said Perry had no role in Toyota's decision to move.

Perry "is an interesting guy," Lentz said in an interview. "I've never met him. I talked to him on the phone today for the first time. This was never about Governor Perry courting us."
Can you say taxes??
When it came time to decide on the site from the four finalists, Plano "was clearly No. 1," Lentz said, but not because of the incentives it offered the company.

"Our decision was not based on the dollar amount we received," but rather on a friendly overall business climate and certain advantages for Toyota employees, from affordable housing and shorter commutes to the absence in Texas of a personal income tax.
Imagine that.