Major Tax Abatement and Grant Approved for Toyota
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Description
Bexar County approved an amended Tax Abatement Agreement and a new 10-year, 100% abatement plus up to $250,000 Skills Development Grant with Toyota Motor Manufacturing Texas, Inc. This action updates legal property descriptions and incentives for the manufacturing facility.
Contract Details
Contract Amount
Up to $250,000 (grant); 100% tax abatement for 10 years
Vendor
TOYOTA MOTOR MANUFACTURING TEXAS INC
Agency
MEDINA STONEHILL SPECIAL IMPROVEMENT DISTRICT, TX
Contract Type
OTHER
Document Date
June 20, 2026
Contract Term
10 years
Renewal Date
2036-06-23
Renewal Info
First Amendment approved and new term begins upon execution for 10 years.
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