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« Al Gore's Other Inconvenient Truth | Main | Inconvenient Hypocrisy » February 27, 2007Toyota Loves ElvisThat Toyota assembly plant that The Tennessean said was going to be built either in Chattanooga or on a site just across the river from Memphis in Arkansas? It's going to Tupelo, Mississippi. Congratulations to the people of Mississippi and to Gov. Haley Barbour and the economic development folks down there who worked hard to win the plant - it will be a great thing for that city and state. Congratulations also to the taxpayers of Tennessee, who won't have to shell out a few hundred million dollars in "tax incentives" to a corporation that made a $3.6 billion profit in the last three months of 2006. Tennessee's economy will still get a boost - lots of Toyota suppliers already are in Tennessee and they'll have more work now. Posted in Tennessee Government News
Comments
It's a good thing, sure, but a lot of the effect will just be spill-over. I suspect most of the transplants who move into the area for those jobs will be living in North Mississippi, in DeSoto County and that area, rather than Memphis or Tennessee itself. Our sales taxes are higher, too. I think it's mostly in food and cultural sectors that you'll see an effect. Posted by: mike hollihan at February 27, 2007 11:03 AMPerhaps Mississippi saw the 20% decline in Nissan and targeted the right car company - Toyota. Posted by: Drinkin' the Franklin Kool Aid at February 27, 2007 8:13 PMPost a comment
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