Zuehl Rd
Marion, TX 78124
13.85 AC near Toyota Plant at Santa Clara Rd · Land For Sale · 13.85 AC

Guadalupe County commissioners and the Cibolo City Council approved an economic incentive package Tuesday for a major Toyota supplier planning to bring a $400 million plant and 900 jobs to the region, signaling an expansion of Toyota’s presence in San Antonio. Members of the council and commissioners court gathered for a special joint meeting in council chambers and approved tax abatement agreements for AW Texas, a U.S. subsidiary of Aisin AW Co. The Japanese manufacturer of drivetrains, transmissions, and vehicle information technology plans to invest $400 million in a manufacturing site along Interstate 10 and break ground on the plant in September, further indicating that Toyota’s presence in San Antonio could grow soon. The 159-acre site is located in a former extraterritorial jurisdiction for Cibolo along I-10 at South Santa Clara Road that the suburban city annexed in June. AW Texas is purchasing the land, which sits in a reinvestment zone designated by the City Council in June from the Guadalupe Valley Development Corporation (GVDC), which is part of the local energy cooperative GVEC. The 20-year agreement with the City of Cibolo includes a tax abatement of 75 percent of property taxes for the first 10 years, 50 percent for the next five years, and 30 percent for the final five years. It is valued at $9.6 million over the period of the agreement. In addition, a Chapter 380 Economic Development Agreement, an incentive designed to promote economic development through grants or loans, is valued at between $2.3 million and $4.6 million over the last 10-year period of the agreement depending on the value of any additional investments in those years. A similar tax abatement agreement valued at over $13 million with the County abates 100 percent of County taxes, except for property taxes collected for lateral roads. “As we build, we need those dollars, so we’ve been excluding them from our incentive agreements for some time,” said County Judge Kyle Kutscher.