The city of San Antonio and its utilities are offering $142.7 million worth of financial perks to persuade Toyota Motor Corp. to choose the company’s South Side plant for a new U.S. vehicle assembly line.
The City Council will vote June 18 on $122 million worth of tax breaks, job training grants, fee waivers and funding for road upgrades around the Japanese automaker’s 2,000-acre campus. City-owned CPS Energy is proposing $16.2 million worth of rate reductions and the San Antonio Water System, also owned by the city, is considering waiving $4.5 million in fees.
In exchange for those benefits, Toyota would invest $2 billion in the facility and create 2,000 jobs by Dec. 31, 2031, paying an average of $32.46 per hour. The company would also be required to pay all employees working at the plant at least $18 per hour…