Toyota R&D Center for $53 Million

A state and local incentive package in Michigan of more than $53 million will go toward a $150 million Toyota Motor Corp. research and development center in York Township south of Ann Arbor.

The board of the Michigan Economic Growth Authority approved a $38.9 million MEGA tax credit for the project, which is expected to create 400 jobs. In addition, the state said it would offer a $3.4 million tax abatement. York Township also has proposed a 12-year, $10.8 million abatement of the company’s new real- and personal-property taxes, according to MEGA board briefing documents.

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