The city proposes a 100-acre reinvestment zone and a 10-year, 50 percent rebate on property taxes.
Toyota announced last month that it was moving its U.S. headquarters from California to Texas. Gov. Rick Perry said that Texas offered the company $40 million in incentives from the taxpayer-funded Texas Enterprise Fund. Toyota plans to break ground in Plano, about 25 miles north of Dallas, this year.
Information from: The Dallas Morning News, http://www.dallasnews.com