Ky. governor to be at Toyota for announcement

MGN Online

FRANKFORT, Ky. (AP) - Gov. Steve Beshear is scheduled to be at the Toyota manufacturing plant in Georgetown on Friday, two days after the state approved a tax incentive package for the automaker.

Toyota Motor Manufacturing Kentucky is in the running to produce an unspecified new vehicle model, according to details the company provided to state officials to qualify for the incentives.

The Kentucky Economic Development Finance Authority approved the $146.5 million tax package on Wednesday to help with the cost of the proposed $531 million expansion.

The Georgetown plant, which already has 6,100 full-time workers, is competing with other Toyota factories for the opportunity to build the new model.

Toyota produces the Camry, Camry Hybrid, Avalon and Venza.

The Georgetown event is scheduled for 9:15 a.m.

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