Saturday, May 17, 2014

Toyota hit pay dirt in Texas, will Charles Schwab?

Senior Reporter- San Francisco Business Times

Toyota struck a cash gusher when it moved its North American headquarters to Dallas from Southern California.

This week the city council of the Dallas suburb of Plano unanimously approved an incentive package for the Japanese auto maker.

The issue is top of mind in the Bay Area, where Texas is considered to be one of the states heavily courting Charles Schwab and the 1,000 San Francisco jobs the brokerage is moving out of California.

Toyota might be a bigger catch, given the 3,650 jobs and the likelihood that the company's suppliers will gravitate to Plano. But there's no doubt that winning the Schwab jobs would provide bragging rights to Dallas — as if Texans ever need a reason to boast. More here.

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