Economic Development Year in Review | CITY OF GREENSBORO: (greensboro-nc.gov)
Economic Development Year in Review | CITY OF GREENSBORO: (greensboro-nc.gov)
City of Greensboro issued the following announcement on Feb. 10.
We recently posted our Economic Development Year in Review. Here is a quick excerpt about the impact of the Toyota electric vehicle battery plant at the Greensboro-Randolph Megasite.
TRIAD ON LEADING EDGE OF AUTO ELECTRIFICATION
In December 2021, Toyota announced plans to invest $1.29 billion in constructing an electric vehicle battery plant at the Greensboro-Randolph Megasite and create 1,750 jobs. In August 2022, Toyota announced an additional investment of $2.5 billion and 350 jobs.
In 2015, the City of Greensboro committed to extend water and sewer service 12miles south to the megasite, enabling this development. The company plans to start production of up to 1.2 million batteries per year in 2025.
CITY STUDIES FUTURE DEVELOPMENT NEAR MEGASITE
The US Economic Development Administration awarded the City a $100,000 matching grant for a land-use study and industrial site analysis along US Highway 421 south of Greensboro to the Greensboro-Randolph Megasite. The study will identify infrastructure, public services, and other resources needed to support the development spurred by the Toyota battery plant and identify potential sites for future industrial development. The final report is intended to guide decision-makers to maximize the economic impact of the megasite development in years to come.
Original source can be found here.
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