Toyota moving US headquarters from CA to Plano, TX (Dallas: buying a house, to buy)

[TurtleCreek80]

Originally Posted by peterlemonjello

Even with your example, 75% of the people who relocated stayed here. About 25% were hires in the area.

No, with my example 60% - not 25% - ended up being DFW area hires (or relos from elsewhere, just not from the old NYC HQ). For simple math, I'm using 5,000 employees. JCP had 5,000 in NYC; 50% relocated = 2,500. Of those, 20% didn't permanently relocate and left. That leaves 2,000 original employees and 3,000 newly hired employees.

Now there was a much bigger stigma to relocating to "flyover country" in 1988 but I still would bet that 2-3 years after Toyota moves here (when the relo contracts expire), that 30-60% of the jobs in Plano will be held by people who didn't relocate from California with this move.

[KSJT]

No matter how many jobs actually come, even 1000 new jobs would be beneficial to the economy.

[BigDGeek]

Originally Posted by Johnhw2

That will be a hard bet to determine the winner since jobs are coming from more locations than just Torrance. I doubt that result for just CA will be published. I agree with your logic on the better economy and cost of living vs Ca but a good number of the jobs are in KY where the cost of living doesn't fly.

Also I bet the vacant office space subject to sublease from EnCana and Nexen vacating office towers in Plano along NDT is where the management team and early selected/move offered staff move to in July as one article noted.. we are going to see home buying demand tick up further starting immediately.

Because people are following the jobs.

It's all well and good that Toyota's moving here; I'm not unhappy about it, indifferent really...I just don't want people saying 5,000 jobs are going to be "created" because that implies that they're going to be filled by locals, and they're not. At least not all 5,000 of them. Most likely not even half. That's all I'm saying.

[EDS_]

Originally Posted by BigDGeek

The economy was much better then. Plus, Nashville has a lower COL than DFW does. I don't know where you're getting that figure (you didn't post your source) but I'll bet you $10 here and now that over 50% of Toyota's Torrance employees will relocate.

Constantly posting sources for keystroke data is a waste of time. But as you are interested...........

https://flashpoint.weichertworkforce...utive_2_07.pdf

Second paragraph about four words in and about 50 other sources as well.

[EDS_]

Originally Posted by BigDGeek

Because people are following the jobs.

It's all well and good that Toyota's moving here; I'm not unhappy about it, indifferent really...I just don't want people saying 5,000 jobs are going to be "created" because that implies that they're going to be filled by locals, and they're not. At least not all 5,000 of them. Most likely not even half. That's all I'm saying.

Why so gloomy always?

[EDS_]

Originally Posted by KSJT

No matter how many jobs actually come, even 1000 new jobs would be beneficial to the economy.

1. Any people moving from anywhere with jobs will help the economy.
2. Locals accepting new jobs, and there will be good number, is also good.

[Johnhw2]

[quote=lemonegg;34556622]Hmm

There is a big office building going up on Legacy X Tollway. I wonder if Toyota will move there?[/QUOT

Unlikely 5000 jobs is a 50 story building at about 20k sf per floor, but they said a campus which means several smaller buildings. Roughly a million sf of space is needed not that much available adjacent today.

Originally Posted by BigDGeek

Because people are following the jobs.

It's all well and good that Toyota's moving here; I'm not unhappy about it, indifferent really...I just don't want people saying 5,000 jobs are going to be "created" because that implies that they're going to be filled by locals, and they're not. At least not all 5,000 of them. Most likely not even half. That's all I'm saying.

I agree with your point we won't see 5000 new jobs all hiring locally. However the economy will see the benefit of 5000 new salaries being spent in Dallas area regardless of who fills the job, local or a transplant.

[dallasboi]

Originally Posted by BigDGeek

Because people are following the jobs.

It's all well and good that Toyota's moving here; I'm not unhappy about it, indifferent really...I just don't want people saying 5,000 jobs are going to be "created" because that implies that they're going to be filled by locals, and they're not. At least not all 5,000 of them. Most likely not even half. That's all I'm saying.

What About all the other benefits of having them move here??
* Housing demand
*Retail up-tic
*Local economy boost
Does that count for ANYTHING?!

[stoneclaw]

Way to go for the DFW area! Toyota? That's huge!!!

[mm4]

Next the governor might want to consider approaching a car design locus like Art Center College in Pasadena, or College for Creative Studies in Detroit. Make a case, and ask one of them to expand into the state with a satellite school.

At minimum, a UTA or UTD should be thinking about starting a program.