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Congresswoman Waters Statement on Toyota'sAnnouncement to Move Headquarters

April 29, 2014

Congresswoman Maxine Waters (CA-43), Ranking Member of the House Financial Services Committee, released the following statement regarding relocation of Toyota's North American Headquarters in Torrance to North Dallas (Plano), Texas:

"I am deeply disappointed by Toyota's announcement that it will relocate its North American Headquarters to Plano, Texas. I would have hoped Toyota would have given local officials the opportunity to demonstrate there is no better place for Toyota than the South Bay. I have yet to hear specific reasons about Toyota's decision and it remains unclear how long this plan has been in the making and why.

"My thoughts are with the 3,000 employees and families employed at its financial services and motor sales arms in Torrance that will be affected. These job losses will not only negatively impact the hardworking employees, but the entire community as well. Toyota has been headquartered in Torrance since 1982 and has had a significant presence in the Los Angeles regional economy for nearly 60 years.

"Our region possesses an outstanding workforce with the education, skills, and experience necessary to appeal to companies like Toyota. Creating good-paying jobs for our communities and growing our economy remains one of my top priorities in Congress. I look forward to continuing to work with state and local officials for opportunities to retain and attract businesses that create jobs in Torrance and throughout the South Bay region."

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