Delays, Closings and Severe Weather - View All Alerts and Updates

Economist Says Toyota Expansion Is A Good Sign For Indiana

Toyota announced Wednesday it would invest $400 million in Indiana.

Toyota Highlander

Photo: John Bear (Flickr)

Toyota is investing a large sum of money in its Princeton, Ind. plant to produce Highlanders.

Toyota plans to expand operations in Western Indiana, creating 400 new jobs by 2013. The company says it will invest $400 million total, with $131 million going directly to its Princeton plant to consolidate Highlander SUV production to include both hybrid and export versions.

Ball State Economist Michael Hicks says Toyota‘s plan to shift production from Japan to Indiana is a good sign for the Hoosier economy.

“We have a very competitive labor force, and we have confidence, I think, from most businesses that the tax and regulatory environment is going to remain stable for some time,” he says.

Production is expected to begin in late 2013. The automaker says the hiring of new manufacturing associates will coincide with facility and machinery upgrades.

Network Indiana

Network Indiana Indiana's Only Audio News Network. Network Indiana is dedicated to providing the state of Indiana important and useful information.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Transportation Stories

Recent Videos

Find Us on Facebook