Inside INdiana Business

Toyota to make economic development announcement

(IIB Photo/Wes Mills)

PRINCETON, Ind. (Inside INdiana Business) — Executives from Toyota Motor Manufacturing Indiana Inc. in Princeton will Wednesday make an economic development announcement. Few details are available, however Governor Eric Holcomb will be on hand for the event.

TMMI has made two major investments in the Gibson County plant over the past few years. In 2017, the company detailed plans to invest $600 million and create up to 400 jobs to help meet growing demand for the mid-size Highlander SUV. 

Almost precisely three years later, Toyota announced an additional $700 million investment, which would create up to 150 more jobs by the end of 2022. The company also unveiled a $1 million commitment to create a regional workforce program to connect high school students with career opportunities in advanced manufacturing. 

Toyota employs nearly 7,300 people in the Gibson County facility and has pumped $5.8 billion into the plant since it was established in 1996. In addition to the Highlander and its hybrid model, the plant also produces the Toyota Sequoia and Sienna vehicles.

The announcement is scheduled to take place at 10:30 a.m. Central Time in Princeton.