The new campus will bring together approximately 4,000 employees from sales, marketing, engineering, manufacturing and finance who are now scattered around the country.
PLANO, TX (KXAS) - Toyota said Monday that it will move its U.S. headquarters from California to Texas.
Toyota will break ground this year on a new headquarters in Plano, a suburb of Dallas. Small groups of employees will start moving to temporary office space there this year, but most will not move until late 2016 or early 2017 when a new headquarters is completed.
The state of Texas has offered $40 million to the automaker from the Texas Enterprise Fund; Toyota is expected to invest $300 million in a facility in Plano.
The Japanese automaker announced the move Monday and said that within the next three years they will move "three separate North American headquarters for manufacturing, sales and marketing, and corporate operations to a single, state-of-the-art campus in Plano."
The new campus will bring together approximately 4,000 employees from sales, marketing, engineering, manufacturing and finance who are now scattered around the country. That includes 2,000 employees at the current headquarters in Torrance, Calif.; 1,000 employees at Toyota's engineering and manufacturing center in Erlanger, Ky.; and 1,000 employees at Toyota Financial Services.
"After moving from its existing headquarters, Toyota will continue to have approximately 2,300 employees in California and 8,200 employees in Kentucky, where they make Avalons and Camrys. This includes 750 new jobs being added at TMMK for production of the Lexus ES, which begins in 2015. Toyota will also continue to maintain offices in the New York City area and Washington, DC," the company said in a news release Monday.
In support of the communities in California and Kentucky, Toyota also announced a $10 million philanthropic commitment to provide continued funding for local non-profits and community organizations in these states over a five-year period beginning in 2017, over and above existing commitments.
The company will also maintain offices in New York and Washington. Plants in Mississippi, Texas and Indiana aren't affected by the moves.
Toyota's 10 manufacturing plants in the U.S. will not be impacted by the move.
Toyota has had a presence in California since 1957, when it opened its first U.S. headquarters in a former Rambler dealership in Hollywood. The following year, Toyota's first in the U.S. market, it sold 287 Toyopet Crown sedans and one Land Cruiser.
By 1975, Toyota had become the top import brand in the U.S. It opened its current U.S. headquarters in Torrance in 1982.
Toyota sold 2.2 million cars and trucks in the U.S. last year.