Alabama 1 of 2 states in running to land Toyota, Mazda plant

Alabama North Carolina only two states left in running for future Toyota Mazda plant report says

Alabama North Carolina only two states left in running for future Toyota Mazda plant report says

North Carolina economic development officials do not, by policy, discuss the status of negotiations with prospective companies that might be considering the state to relocate or expand.

Alabama and North Carolina are still in the running to be the home of a joint, Toyota/Mazda auto factory. The other three mega-sites are near Siler City and Moncure in Chatham County and east of Rocky Mount in Edgecombe County.

Alabama is the other state still in the running to get the factory. Whatever the competition, North Carolina keeps surfacing as a finalist.

According to Bloomberg, the companies have narrowed the list for weeks, eliminating nearly a dozen other states that included Tennessee, Texas and SC.

The companies are reportedly seeking $1 billion in incentives from state and local governments to land the plant, which would be more than 10 times the largest incentive deal North Carolina has ever awarded.

Randolph County is in the process of expanding its site by rezoning 370 acres to add to the 1,500 acres that comprise the site.

Mazda and Toyota declined to comment for Bloomberg's story.

In August, the two Japanese carmakers confirmed they will also set up a new, $1.6 billion assembly plant in the United States that will create up to 4,000 new jobs.

The shared facility is expected to open in 2021.

According to a formal announcement earlier this year by the two companies, their alliance will be far reaching and will see Toyota acquire a 5% stake in Mazda, the smaller maker taking a stake in its new partner, as well.