Aisin AW greenlights $400M Cibolo project
CIBOLO – Japan-based Aisin AW Inc., a supplier of drivetrain products to Toyota, has greenlighted a $400 million project to complement Toyota Motor Corp.'s newly announced $391 million San Antonio expansion.
The city agreed to make 160 acres in its reinvestment zone available to Aisin AW for the facility, which will generate 900 full-time jobs.
The city and Guadalupe County offered the company a tax abatement agreement in return for the investment.
The San Antonio Economic Development Foundation projects that the total economic impact from the two investments will surpass $10 billion and 40,000 jobs over the next ten years.
The Real Estate Center has more on the San Antonio-area industrial market:
Source: San Antonio Business Journal
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