Friday, April 27, 2012
Toyota plans $32 million expansion to Georgetown facility, project will create 86 jobs
Toyota Motor Manufacturing Kentucky is planning a $32 million expansion to its Georgetown facility.
The proposed project would add a new engine assembly line, and would add 86 jobs over the course of 10 years. The average hourly rate of the new jobs would be $25, including employee benefits.
The company anticipates that it will spend $2.2 million on building/improvements, $23 million on equipment, and $5 million on other start-up costs.
Kentucky Economic Development Finance Authority approved a $6.5 million tax incentive for the project.
From Kentucky Economic Development Finance Authority