Toyota moving to Texas

NEW -> Contingent Buyer Assistance Program
Anywhere but here...

Stanley Black & Decker Announces Opening of New CRAFTSMAN Plant in Fort Worth, Texas

Stanley Black & Decker (NYSE: SWK) today announced it will expand its U.S. manufacturing footprint with a new CRAFTSMAN manufacturing plant in Fort Worth, TX. The groundbreaking for the 425,000-square-foot facility will take place in summer 2019, and the plant is expected to be completed in late 2020.

The new plant in Fort Worth will manufacture a wide range of CRAFTSMAN mechanics tools, including sockets, ratchets, wrenches and general sets. The plant will also leverage some of the most advanced manufacturing technologies available to optimize productivity and sustainability, including pre-flattening steel technologies to improve material yield by almost 25 percent, as well as water and energy management technologies to reduce resource consumption. The Fort Worth plant will employ approximately 500 full-time employees to support the facility.

https://www.stanleyblackanddecker.com/article/stanley-black-decker-announces-opening-new-craftsman-plant-fort-worth-texas
 
morekaos said:
First Honda went to Tenn., now Toyota to Texas.  In 5 years Hyundai's tax credits will expire and they will also flee....dooomed
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Yah, i know, it was Nissan not Honda, but 5 years is almost up...think Hyundai is next?
 
Hyundai, recently openned its new HQ in Fountain Valley with fan-fair ribbons cutting. Morekaos is speculating again.


The tax incentive is a partial equation to moving out. Look at Amazon pulled out from Queens, even as it going to get all the incentives. Its more than that.
 
Wouldn't Huyndai also need to move Kia as well? Yes, the tax credits are not conjoined by both companies but if one left, the other would likely follow.

My .02c
 
Bye bye Chuck...another great biz started in Cali but now off to better places...nice knowin ya...


Charles Schwab to move its headquarters to North Texas after Ameritrade deal closes

Charles Schwab Corp. is making Westlake its new headquarters.

The big announcement came Monday after the San Francisco-based brokerage company announced it had acquired TD Ameritrade for a deal valued at about $26 billion.

Once the deal closes for Ameritrade, Schwab?s corporate headquarters will relocate to its new headquarters in Westlake, in northeast Tarrant County.

https://www.star-telegram.com/news/business/article237751949.html
 
Westlake/Trophy Club is a very nice area, visited some friends there earlier this year.  You can still get a beautiful new home for $600-$700k, and much cheaper if you're willing to drive a bit. 
 
So we lose a congressional seat and Texas gains....THREE?  What does that tell ya?

California could lose a congressional district following 2020 census count

A 2019 relocation study by Texas Realtors found that 63,175 Californians moved to Texas in 2017

Texas is likely to gain three seats following the 2020 decennial count, according to Frey?s analysis of census data, while states such as Arizona, Colorado and Oregon may gain one seat apiece.

https://www.latimes.com/california/story/2019-12-31/la-me-ln-california-apportionment-2020-census
 
Bye bye Coors and 500 jobs....enjoy your facilities and income in Texas!!

Molson Coors to close California brewery, offers Pabst Brewing the option to buy

Molson Coors Beverage Co. will cease production at its Irwindale, California, brewery by September of 2020 and entered into an agreement with Pabst Brewing Co. giving Pabst the option to purchase the facility.

Molson Coors said the Irwindale products will be transitioned to other breweries, primarily in Golden, Colorado, and Fort Worth, Texashttps://www.bizjournals.com/milwaukee/news/2020/01/06/molson-coors-to-close-california-brewery-offers.html].
https://www.bizjournals.com/milwauk...coors-to-close-california-brewery-offers.html[/url]
 
It's incremental but yes, we can take back our great state.  All journeys begin with a first step...

Had Enough? Californians Turn Down Higher Taxes, Debt
California residents pay some the nation's highest taxes on gas, clothing and the money they earn ? and those revenues have contributed to a massive state budget surplus.

LOS ANGELES (AP) ? Everyone knows that living in California comes with a price: Its residents pay some of the nation?s highest taxes on the money they earn, the gas they pump and the clothes they wear. But for the moment, at least, it appears voters have had enough.

The defeat Tuesday of the largest borrowing proposal in the history of California schools ? $15 billion for repairs ? has opened the question of whether Californian voters put a temporary halt to the growth of government debt because of the unsettled political scene, or because they are on the cusp of a tax revolt akin to one in the 1970s that brought landmark changes to property taxes.

By itself, the crash of the question on the March 3 primary ballot was striking ? it?s been a generation since a state school bond failed and there was no telling moment prior to the election indicating voters had soured on it.

But it didn?t stop there. Voters rejected more than half of the 237 local tax and bond measures on that ballot, with several dozen contests still undecided as California authorities wade through hundreds of thousands of uncounted ballots, according to a tally by the California Taxpayers Association.

https://www.usnews.com/news/politics/articles/2020-03-11/had-enough-californians-turn-down-higher-taxes-debt
 
Wow, I didn't even check the results for this ballot measure... I just assumed it had passed! 

This is very interesting because Dems had a competitive primary and Republicans didn't.  That should have favored the bond measure passing by an even a higher percentage due to increased Democratic turnout.  Sanders won big in California, so there should have been plenty of liberal Dems skewing the results in favor of 'yes' on new taxes.  Do you think they were confused and believed that by voting 'no' on Prop 13 that they were repealing the 1978 law?
 
Score one for Cali! Rivian moving jobs to California (specifically Irvine):
https://insideevs.com/news/430727/rivian-move-out-michigan-move-in-california/

Currently, Rivian calls Plymouth, Michigan its design and engineering hub, while Irvine focuses on 'Battery Systems, Vehicle Dynamics, and Customer Experience.' However, if you visit the company's LinkedIn page, it lists Irvine as its location. The company currently has eight locations; six are domestic, with four in California. In addition, of the company's 2,300 employees, about 1,000 are in California and 750 work in Michigan.

According to recent reports, Rivian will keep moving forward with its Michigan projects, however, new programs and operations will be housed at the Irvine facility. This is an effort by Rivian to consolidate its tech resources in a central location.
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Maybe I should look them up for a job. :)
 
One of my buddies leased out some of their commercial property to Rivian in the area a few months ago. Wonder if they'll hook him up with discounts.
 
And the hits just keep on comin....
https://youtu.be/WQZqJ_-WAO8[SIZE=24px][b]

More people are leaving California than ever before, driven out by worsening wildfires, politics and the skyrocketing cost of living[/b][/SIZE]

More people are leaving California than arriving, driven out by worsening wildfires, power outages and the skyrocketing cost of living
In 2018 more than 86,000 people left California for Texas, nearly 70,000 left for Arizona and about 55,000 left for Washington
Between 2007 and 2016, some 5million residents moved to California and 6million people moved out to other states
According to a poll locals say they consider leaving due to the high cost of housing, heavy taxation, or political culture
[url]https://www.dailymail.co.uk/news/article-8727961/More-people-leaving-California-wildfires-high-costs-politics.html[/url]

 
See Ya Tax Base!!  My neighbor, long time resident and his son, also born and raised in the area are putting up their houses.  One $4 million dollar water front and a $2 million off the water house.  Moving to Bozeman Montana.  These are California natives, born and raised here.  Moving business with them too.  Just sick of the California's business unfriendly environment, over regulation and taxes along with the rising lawlessness.  That is truly sad that we lose these vibrant long time contributors to our state because of bad policy and a hostile business environment.  These are the citizens and tax payers we should encourage but blind bureaucrats don't see it.
 
With the COVID-19 situation some companies have offered permanent remote work positions.  One of my former coworkers negotiated for his position (IT) to work remotely and is in the process of selling his house here and moving to WA with no state income tax.  He thinks he will save about $25K annually on taxes.  Suburban homes are about 1/2 the price vs OC and WA State Constitution caps property tax at 1% (with some exceptions).
 
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