Takata seat belts’ expansion in NW San AntonioTakata seat belts’ expansion in NW San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=6662015-06-19T09:08:00Z2015-06-19T09:00:00Z

SAN ANTONIO - Takata Seat Belts will expand its manufacturing plant in northwest San Antonio. Takata’s facility is located off Wiseman Blvd. in far northwest San Antonio.

Bexar County commissioners voted to accept an incentive package application that is worth roughly $390,000 over six years.

Takata employs 349 people, and the expansion will add 70 jobs with an average salary of $49,504, according to the Bexar County Economic Development Department.

The seat belt and air bag manufacturing company plans to invest at least $30.3 million toward expanding the plant, which is scalable for future expansions.

Even after the tax abatement, Bexar County Economic Development officials reported that Takata will generate $405,681 in tax revenue over the next six years.

Takata is one of the suppliers to the Toyota plant in south San Antonio.

Bexar County Pct. 1 Commissioner Sergio “Chico” Rodriguez said the plant expansion is a boost to the local economy. Takata has been an amazing friend to Bexar County.

“While this is one of the automotive industry’s largest life safety manufacturers, they have only two major stamping facilities in the world, one of which is right here in Bexar County, supplying seat belt components to factories throughout the globe. The local plant has over 300 employees earning an average of over $49,000 per year. In our community, that is a solid middle-class job,” Rodriguez said.

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San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/06/02/bexar-county-approves-incentive-package-to-expand.htmlRead more at {Source}

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