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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
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