FINANCIAL_SERVICESAPPROVED

City of San Antonio city Awards Financial Services Contract to Toyota Motor Manufacturing Texas Inc (June 2026)

San Antonio will enter into a multi-component incentive package with Toyota Motor Manufacturing Texas Inc. including a 10‑year 100% property tax abatement, a $9.5 million Chapter 380 grant, and up to $33.25 million in roadway and training support to secure a major plant expansion creating 2,000 jobs. The incentives are conditioned on $2 billion in capital investment and job creation milestones through 2031.

Status
APPROVED
Document date
June 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Toyota Motor Manufacturing Texas Inc
Agency
City of San Antonio city · TX

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$88,056,878 (estimated value of 10-year 100% tax abatement); $9,500,000 Chapter 380 economic development grant; up to $20,000,000 roadway infrastructure AFA contribution; up to $4,500,000 for west-side entrance and roadway; up to $8,250,000 OJT training grant; up to $750,000 IWT training grant; up to $500,000 in City fee waivers
Contract type
FINANCIAL_SERVICES
Contract term
10-year tax abatement period; investment and job creation requirements through December 31, 2031
Renewal date
2031-12-31
Renewal
Tax abatement runs for 10 years; incentive agreement includes clawback provisions if investment and job creation requirements are not met by December 31, 2031.
Document type
AgendaPacket
Source document
Ciudad de San Antonio AgendaPacket Sesión A del Consejo de la Ciudad 2026-06-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of San Antonio city?

Toyota Motor Manufacturing Texas Inc was awarded this financial services contract by City of San Antonio city, as recorded on June 18, 2026. The contract value is $88,056,878 (estimated value of 10-year 100% tax abatement); $9,500,000 Chapter 380 economic development grant; up to $20,000,000 roadway infrastructure AFA contribution; up to $4,500,000 for west-side entrance and roadway; up to $8,250,000 OJT training grant; up to $750,000 IWT training grant; up to $500,000 in City fee waivers.

How much is the Toyota Motor Manufacturing Texas Inc contract with City of San Antonio city worth?

The Toyota Motor Manufacturing Texas Inc contract with City of San Antonio city is valued at $88,056,878 (estimated value of 10-year 100% tax abatement); $9,500,000 Chapter 380 economic development grant; up to $20,000,000 roadway infrastructure AFA contribution; up to $4,500,000 for west-side entrance and roadway; up to $8,250,000 OJT training grant; up to $750,000 IWT training grant; up to $500,000 in City fee waivers, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Ciudad de San Antonio AgendaPacket Sesión A del Consejo de la Ciudad 2026-06-18 (AgendaPacket), dated June 18, 2026 from City of San Antonio city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Toyota Motor Manufacturing Texas Inc hold?

Toyota Motor Manufacturing Texas Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Toyota Motor Manufacturing Texas Inc's profile

What is City of San Antonio city currently buying?

Explore City of San Antonio city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of San Antonio city's profile

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