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Multiple reports: Randolph megasite a finalist for Toyota-Mazda plant

15 November 2017

Alabama is one of two states still in the running for the $1.6 billion Toyota-Mazda manufacturing plant.

North Carolina economic development officials do not, by policy, discuss the status of negotiations with prospective companies that might be considering the state to relocate or expand. The Jackson Sun newspaper quoted an economic development executive who said he believes North Carolina is the leading state with SC - not Alabama - the other contender. Whatever the competition, North Carolina keeps surfacing as a finalist.

Tennessee, Texas, and SC were among the more than dozen states linked to the factory. As we previously reported, the factory should produce around 300,000 vehicles a year and create as many as 4,000 new jobs.

The Randolph County Planning Board was set to vote Tuesday night on a rezoning request that would add 370 acres to the 1,500-acre mega-site south of Greensboro.

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Both Toyota and Mazda declined to comment to Bloomberg about the claims.

The companies are reportedly seeking $1 billion in incentives from state and local governments to land the plant, which would be more than 10 times the largest incentive deal North Carolina has ever awarded. Mazda executive vice president Akira Marumoto told reporters that the automakers will announce a final decision on the plant location by early next year.

The joint factory, proposed to open in 2021, is the first new auto plant to be announced during the tenure of President Donald Trump.

Multiple reports: Randolph megasite a finalist for Toyota-Mazda plant