Here’s the main reason Toyota is moving from California to Texas

Sure, the low taxes, relaxed regulatory environment and Central Time Zone are nice. But none of those factors tops the list of reasons Toyota decided to plant its North American headquarters in Plano, bringing in more than 3,000 jobs, mostly from California.

The main driver of Toyota’s move from Torrance, California, was housing costs, according to Albert Niemi Jr., dean of the Cox School of Business at Southern Methodist University, who has inside knowledge about the move. Niemi shared the anecdote at an SMU Cox Economic Outlook Panel on Friday morning.

Read more on the Dallas Business Journal

Toyota finance firm chose Dallas HQ after looking at other U.S. locations

Toyota Industries Commercial Finance Inc. picked Dallas for its new headquarters after looking at potential locations in other U.S. cities.

The finance company of Japan’s Toyota Industries Corp. was set up last year and is locating its head office in the Cypress Waters development near LBJ Freeway and Belt Line Road.

Read More Here on The Dallas Morning News