[von949]

I remember hearing rumors a while back of some huge company making a move but has there been any recent news about the possibility of this happening? The LVRJ had a little insert about it in their Vegas business predictions for 2012.

North Las Vegas will make the finals, at least, for a 2 million-square-foot Toyota Motor Corp. manufacturing and distribution plant.

The carmaker is said to be surveying sites for the plant, which would bring 3,000 high-paying manufacturing jobs to the valley, but has yet to confirm it's looking at land in Southern Nevada. Whether Nevada's low taxes, ultralow-cost housing, seismic stability and business-friendly reputation will be enough to overcome competition from states that can offer more direct incentives remains to be seen.

Predictions for the Las Vegas business community in 2012 - Business - ReviewJournal.com

Another source...

Toyota Coming To Town? « CBS Las Vegas


By the way, I had to change the title 3 times because this site says that there was already 3 other threads with similar titles............in the Mississippi section. Had to change the words around till I could post. Kind of weird.

[UTES]

Infrastructure inquiries alone would make it back to the local COC's and NGOED - and that has not happened. Keep in mind these agencies have content experts aggressively pursuing such things and they have made it clear they have not heard anything about it.

Bill

[maloyo45]

Found a couple links with a bit more info. Blogger Mike Henle apparently broke the story:

Toyota rumored to be researching the idea of opening new plant in North Las Vegas

VegasInc article:

Toyota looking at building plant in North Las Vegas, blogger says - VEGAS INC

So, who knows? Sounds like a long shot, but 3000 jobs paying a decent wage with benefits sure would be great to see come to LV (or NLV, to be precise.)

Just noticed Henle has a couple follow-up blog posts to this story at his site.

[MSchu]

manufacturing... gee... look at that.

[demoknite]

I saw a story on the local news about the Toyota plant a week or so ago. It was a typical local new piece. Promoted as "A mulita national corporation coming to las vegas? Stay tuned!" Then it was the interviews with "maybes" and "how great it would be" followed by authorities saying "We havent heard anything about it". It would benefit Las Vegas greatly though no matter what part of the valley they built it on.

[Buzz123]

That would be wonderful as long as they hire locally, and it doesn't attract another 40 million people here. My wife was reading this morning that to bring our unemployment rate down by 1% in Nevada, we'd have to create 20,000 new jobs. 3,000 manufacturing jobs would do it because of the snowball effect for support services ─ retail, restaurants, maintenance, medical, etc. But we'd still have a long way to go to get in back to "normal". And, layoffs are common in the auto industry, so it could subject us to the roller coaster ride that other cities have always had, but hasn't really been a huge factor here before this. Still, I'll take it; and I hope the comments by local "leaders" means it's happening but they are keeping it under wraps for now ...as usual.

[PinotGuy]

I lived for many years in San Ramon, CA, where there is a huge Toyota facility. If the intent of Toyota is to move such a facility across the boarder I would imagine that a good number of jobs would also be internal transfers. So, out of those 3000 possible jobs in NV, how many would go to Nevadans?

[LVPoker1]

Originally Posted by PinotGuy

I lived for many years in San Ramon, CA, where there is a huge Toyota facility. If the intent of Toyota is to move such a facility across the boarder I would imagine that a good number of jobs would also be internal transfers. So, out of those 3000 possible jobs in NV, how many would go to Nevadans?

What if many jobs did not go to NV residents? There would still be the trickle down effect, it would also help with the housing market.

[Vegas Joe]

Originally Posted by PinotGuy

I lived for many years in San Ramon, CA, where there is a huge Toyota facility. If the intent of Toyota is to move such a facility across the boarder I would imagine that a good number of jobs would also be internal transfers. So, out of those 3000 possible jobs in NV, how many would go to Nevadans?

Few if any at first but as time goes on more jobs will be local as they hire to replace those who came from CA

[Willy702]

What difference does it make where the employees come from? If they are feet on the ground they contribute to the local economy. There are no magic bullet businesses or companies which can create thousands of jobs and give every single one of them to a person currently residing in the local area.

To be quite honest I don't think Nevada has the financial guns to be in position to get projects like this. The infrastructure spending and tax breaks companies demand for these are not well suited to a pay as you go tax system subject to the vagaries of the economy. The sweet spot of small businesses up to say 300 employees is already heavily recruited from elsewhere and while there are successes on occasion, its not exactly changing the composition of the local economy yet.