pr ject new world · pr ject new world project overview both toyota and mazda are two of the...
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PR JECT NEW WORLD I N D U S T R I A L D E V E L O P M E N T P R O J E C T
H U N T S V I L L E , A L A B A M A
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Pr ject New World P r o j e c t O ve r v i e w
Both Toyota and Mazda are two of the premier automotive producers in the world, with combined sales in excess of $250 billion for 2016.
In early 2017, these two companies announced to create a Joint-Venture Entity to build a new $1.6 billion U.S. auto assembly plant
for the production of both the Toyota Corolla and a new Mazda crossover vehicle.
In August 2017, with the assistance of Jones Lang LaSalle (JLL), Toyota-Mazda issued Request for Proposals (RFP’s) to
multiple locations throughout the United States.
Over 100 sites in more than 25 States were considered.
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Pr ject New World
Key Project Site Considerat ions:
Development Ready Site
Transportation Logistics
Reliable Utility Infrastructure
Educated and Available Workforce
Pro-Business Environment
Community Quality of Life
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Pr ject New World
Project Fast Facts:
Capital Investment: $1.6 Billion
Number of FTE’s: 4,000
Average Annual Wage: $50,000
Project’s Annual Payroll: $200 million
20-Yr. Return on Investment: $5.6 billion
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TVA Megasite – Huntsville, Alabama Aerial View: Looking South
65 Highway 20
Highway 20
Toyota/Mazda Site
2,400 Acres
565 Exit 3
Exit 2 Exit 1
Rail Spur
Pr ject New World
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Pr ject New World Local Incent ive Breakdown
Incentive Amount Type _ Project Site: $ 68 million Direct
20-Yr. Property Tax Abatement (non-educational): $107 million Direct Statutory
Construction Sales Tax Abatement: $ 24 million Direct Statutory
Rail Spur Extension: $ 6.88 million Direct On-Site Rail Assistance: $2.5 million Direct Japanese Saturday School reimbursement: $250,000 Direct Provide Temporary Office Space (over 2.5 years): $ 600,000 Direct
Utility Extensions (various): $ 2.8 million non-direct Greenbrier Parkway Completion:(thru 2020): $ 60 million non-direct Old Hwy 20 Improvements (thru 2020): $ 40 million non-direct
Permitting Fees (waived): $ 6.6 million non-direct In-house/3rd Party Inspections: $ 1.5 million non-direct
Total Direct/Non-Direct Local Incentives: $320 million
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Pr ject New World State of A labama Incent ives:
Incentive Amount Jobs Credit (10-year): $ 90.6 million
20-Yr. Property Tax Abatement (non-educational): $ 14.3 million Statutory
Construction Sales Tax Abatement: $ 25.0 million Statutory
Capital Costs Reimbursement: $ 20.0 million Investment Credits: $ 210.0 million On-site Training Center: $ 20.0 million AIDT Training Assistance (Ongoing) $ TBD
Total State of Alabama Incentives: $380 million
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Pr ject New World Project Tentat ive Timel ine:
• City of Huntsville Site Acquisitions: March 2018
• Initial Site Preparation (Earthwork): 2nd Qtr. 2018
• Begin Facility Construction: 4th Qtr. 2018
• Public Infrastructure Improvements: 2018 thru 2020
• Completion of Construction: 4th Qtr. 2020
• Commencement of Operations: 1st Qtr. 2021
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Pr ject New World Project Partners
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Pr ject New World
Questions