When the story about the proposed subsidization of TG Missouri was published, some small details were left out.
TG Missouri is owned by Toyoda Gosei Co., LTD (Japan).
According to their 2009 annual report (PDF):
They have 25,792 employees.
Capital Investments (2009) [like air conditioning!]: $682,818,091.00
NET Assets (2009): $6,411,685,341.00
Average NET Income per year (2005-2009): $168,475,391.00
According to 1Si, the England Administration, and the Daniels Administration:
Toyoda Gosei can't justify what for them is an infinitesimal expansion without public assistance. (A potential $3 million investment represents .004% of their capital investment for 2009.)
The England administration thinks a $150,000 deal is a make it or break it proposition when they make location decisions.
The Daniels administration thinks giving them a tax break is the way to go, even though they depreciated and amortized $419,994,000 in assets last year alone.
I'm guessing 1Si's Kathleen Crowley didn't exactly highlight any of that during her advocacy because, you know, 1Si is the voice of Southern Indiana's small businesses-- especially if they're a multi-billion dollar Japanese multinational corporation with a really Midwestern sounding name.