WEB EXCLUSIVE
New Toyota Plant in Ontario Will Create 1,300 New
Jobs
Toyota’s announcement to open a new facility
in Woodstock, Ontario represents the first Greenfield
investment for an assembly plant in Ontario in nearly
20 years. The new assembly plant will be constructed
on an approximately 1,000-acre site just east of Woodstock.
The Toyota plant will bring at least 1,300 new high-value,
well-paying jobs to Woodstock, and, in time, more
jobs for the region through spin-off auto parts and
supplier industries. Toyota is investing $800 million
to build the plant, which is expected to be operational
by 2008, while the government will invest up to $70
million—including support for training and infrastructure.
"Toyota's choice sends a message to the world:
Ontario is the place to be," says Premier McGuinty.
"It's the place to be for investors who want to
access the world's most productive workforce. And it's
the place to be for investors looking for stable, predictable
business costs, free from the spiraling health costs
plaguing many parts of the world. We've always said
our greatest asset is our people—and Toyota has
chosen our workforce. And we've always said Medicare
is one of our competitive advantages—and Toyota
has chosen the stability that Medicare provides investors
in Ontario."
