Toyota Incentive Package Zips Through Mississippi Legislature

MARCH 2, 2007 - Posted at 3:39 p.m. CST

JACKSON, MS - Mississippi legislators today quickly approved a multimillion dollar incentive package to secure a deal that will bring a Toyota plant to Tupelo.

Arkansas unsuccessfully competed for the assembly facility, in hopes of having it located at an industrial site in Crittenden County, near Marion.

Mississippi's incentive package includes nearly $300 million for Toyota, much of which will cover costs for roads and water and sewer lines.

The package also will help with land acquisition.

The $1.3 billion plant will produce Toyota's new Highlander sport utility vehicle starting in 2010, and company officials say it will have about 2,000 jobs, with assembly line positions paying about $20 an hour.

Officials hope to start construction this fall.

(The Associated Press contributed to this report.)