Erlanger will lose $1.3M in annual tax revenue.

 

That sounds like a whole lot of no good for Erlanger schools. Their budget is already extremely hard on the school system.

That sounds like a whole lot of no good for Erlanger schools. Their budget is already extremely hard on the school system.

 

Sad, but true.

Texas doesnt have a state income tax if I recall correctly.

Texas doesnt have a state income tax if I recall correctly.

 

Correct. They are also very aggressive in bringing out-of-state companies in. Gov Perry's job creation plan was built around increasing the # of jobs by bringing these companies in with incentives and then having ancillary jobs created.

How many employees does Toyota have in Erlanger?

How many employees does Toyota have in Erlanger?

 

I would assume 1600.

I would assume 1600.

 

I wonder if they can transfer to Texas?

I would assume 1600.

...and don't forget, it's not just going to be Toyota jobs that leave.

...and don't forget, it's not just going to be Toyota jobs that leave.

 

Correct.

I wonder if they can transfer to Texas?

 

All employees will still have their jobs . They may be in TX (mainly) or Ann Arbor.

Don't know that it played a role in this move...but, is Texas a Right-To-Work state?

All employees will still have their jobs . They may be in TX (mainly) or Ann Arbor.

 

Or Georgetown. I heard 200 or 300 jobs would move down there.

We spent four days in the Dallas area about a week ago. A couple observations. Almost everywhere we went every thing looks new. They are building so many new highways that GPS can't keep up. I saw NO grafetti anywhere. If I was young and just starting out I would be giving that area a very serious look.

VP's heard Thursday, GM's heard Friday.

Airport ... Brent Spence Bridge ... N. Ky. is going to have a very hard time replacing these jobs.

 

The toughest thing about this - there are very, very few companies that are as good a corporate citizen as Toyota. Witness - even though they are leaving the area, Toyota is going to donate millions to area charities after they leave.