PR JECT NEW WORLD · Pr ject New World Project Overview Both Toyota and Mazda are two of the...

PR JECT NEW WORLD I N D U S T R I A L D E V E L O P M E N T P R O J E C T

H U N T S V I L L E , A L A B A M A

Pr ject New World P r o j e c t O ve r v i e w

Both Toyota and Mazda are two of the premier automotive producers in the world, with combined sales in excess of $250 billion for 2016.

In early 2017, these two companies announced to create a Joint-Venture Entity to build a new $1.6 billion U.S. auto assembly plant

for the production of both the Toyota Corolla and a new Mazda crossover vehicle.

In August 2017, with the assistance of Jones Lang LaSalle (JLL), Toyota-Mazda issued Request for Proposals (RFP’s) to

multiple locations throughout the United States.

Over 100 sites in more than 25 States were considered.

Pr ject New World

Key Project Site Considerat ions:

Development Ready Site

Transportation Logistics

Reliable Utility Infrastructure

Educated and Available Workforce

Pro-Business Environment

Community Quality of Life

Pr ject New World

Project Fast Facts:

Capital Investment: $1.6 Billion

Number of FTE’s: 4,000

Average Annual Wage: $50,000

Project’s Annual Payroll: $200 million

20-Yr. Return on Investment: $5.6 billion

TVA Megasite – Huntsville, Alabama Aerial View: Looking South

65 Highway 20

Highway 20

Toyota/Mazda Site

2,400 Acres

565 Exit 3

Exit 2 Exit 1

Rail Spur

Pr ject New World

Pr ject New World Local Incent ive Breakdown

Incentive Amount Type _ Project Site: $ 68 million Direct

20-Yr. Property Tax Abatement (non-educational): $107 million Direct Statutory

Construction Sales Tax Abatement: $ 24 million Direct Statutory

Rail Spur Extension: $ 6.88 million Direct On-Site Rail Assistance: $2.5 million Direct Japanese Saturday School reimbursement: $250,000 Direct Provide Temporary Office Space (over 2.5 years): $ 600,000 Direct

Utility Extensions (various): $ 2.8 million non-direct Greenbrier Parkway Completion:(thru 2020): $ 60 million non-direct Old Hwy 20 Improvements (thru 2020): $ 40 million non-direct

Permitting Fees (waived): $ 6.6 million non-direct In-house/3rd Party Inspections: $ 1.5 million non-direct

Total Direct/Non-Direct Local Incentives: $320 million

Pr ject New World State of A labama Incent ives:

Incentive Amount Jobs Credit (10-year): $ 90.6 million

20-Yr. Property Tax Abatement (non-educational): $ 14.3 million Statutory

Construction Sales Tax Abatement: $ 25.0 million Statutory

Capital Costs Reimbursement: $ 20.0 million Investment Credits: $ 210.0 million On-site Training Center: $ 20.0 million AIDT Training Assistance (Ongoing) $ TBD

Total State of Alabama Incentives: $380 million

Pr ject New World Project Tentat ive Timel ine:

• City of Huntsville Site Acquisitions: March 2018

• Initial Site Preparation (Earthwork): 2nd Qtr. 2018

• Begin Facility Construction: 4th Qtr. 2018

• Public Infrastructure Improvements: 2018 thru 2020

• Completion of Construction: 4th Qtr. 2020

• Commencement of Operations: 1st Qtr. 2021

Pr ject New World Project Partners

Pr ject New World

Questions