Aisin AW greenlights $400M Cibolo project

CIBOLO – Japan-based Aisin AW Inc., a supplier of drivetrain products to Toyota, has greenlighted a $400 million project to complement Toyota Motor Corp.’s newly announced $391 million San Antonio expansion.

The city agreed to make 160 acres in its reinvestment zone available to Aisin AW for the facility, which will generate 900 full-time jobs.

The city and Guadalupe County offered the company a tax abatement agreement in return for the investment.

The San Antonio Economic Development Foundation projects that the total economic impact from the two investments will surpass $10 billion and 40,000 jobs over the next ten years. 

The Real Estate Center has more on the San Antonio-area industrial market:

• Texas Quarterly Commercial Report
• San Antonio-New Braunfels industrial news