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When Toyota Came Calling, N.C. Was Ready to Give Away the Store

Jeffrey C. Billman Feb 7, 2018 9:10 AM
This post is excerpted from the INDY’s morning newsletter, Primer. To read this morning’s edition in full, click here. To get all the day’s local and national headlines and insights delivered straight to your inbox, sign up here.

Last month, North Carolina missed out on a Toyota-Mazda joint manufacturing operation near Greensboro, with that plant and its four thousand jobs, instead going to Alabama. Yesterday, the N&O found emails showing what kind of economic incentives the state was considering.
The incentive package went something like this, per the N&O:

WHAT IT MEANS: The state lost out to Alabama, which similarly promised in excess of $1 billion in incentives. But the scope of its offer—for just four thousand jobs—is revealing, especially in light of the underway jockeying for Amazon’s HQ2 [INDY]. That project, after all, will bring fifty thousand jobs, more than ten times what the Toyota plant would have. So just imagine what kind of incentives the state and Triangle region will be willing to throw at Jeff Bezos, the richest man in the history of the world.