Cabinet for Economic Development
GOVERNOR FLETCHER CELEBRATES OPENING OF TOYOTA BOSHOKU AMERICA HOME OFFICE IN ERLANGER
First-class company’ is creating high-paying, professional jobs
FRANKFORT, Ky. – Governor Ernie Fletcher and Economic Development Cabinet Secretary John Hindman today joined officials of Toyota Boshoku America in celebrating the grand opening of the company’s North America home office in Erlanger.
The company is creating 100 professional, high-paying jobs in northern Kentucky. The company’s location decision was announced by Governor Fletcher in April.
“Kentucky is proud to welcome a first-class company such as Toyota Boshoku America to the commonwealth,” said Governor Fletcher. “The cornerstone of my administration is creating more opportunities that result in higher-paying, high-quality jobs. Today’s grand opening of Toyota Boshoku America’s North America home office is a perfect example of the success Kentucky is experiencing.”
Toyota Boshoku America is a premier manufacturer of automotive interior systems, in addition to air and oil filters and power train systems for a variety of customers such as Toyota Motor Corporation and General Motors. The home office, located in the Dolwick Business Center, has hired 40 employees to date and is on target to reach its goal of 100 employees by summer 2008.
“Toyota Boshoku America is excited and proud to become part of the northern Kentucky business community,” said Kiyoshi “Nate” Furuta, the company’s chairman and chief executive office. “I want to thank Governor Fletcher, the Cabinet for Economic Development and the Northern Kentucky Tri-ED for its tremendous support in bringing our home office to Erlanger. Toyota Boshoku America is a growing company and northern Kentucky is a good place to live, offers great access to the Cincinnati/Northern Kentucky International Airport and provides a strong labor pool to support us.”
Toyoda (now Toyota) Boshoku Corp. was founded by Sakichi Toyoda in 1918. Toyota Motor Corp. was founded as an automotive department of Toyota Industries in 1928. Toyota Motor was made an independent company in 1933 by Kiichiro Toyoda. In 2004, Toyota Boshoku merged with Araco Corp. and Takanichi Co. Ltd. to become Toyota Boshoku Corp.
“Toyota Boshoku America is a tremendous addition to northern Kentucky's lineup of professional office employers in our region. They join Toyota Motor Engineering and Manufacturing, Fidelity Investments, Citi, Ashland and Omnicare as ‘employers of choice’ in our community,” said Campbell County Judge-Executive Steve Pendery, chairman of Northern Kentucky Tri-ED, the regional economic development authority for Boone, Kenton and Campbell counties. “We are very appreciative that they have chosen northern Kentucky for their home office. Their management team has already demonstrated their intention to become excellent corporate citizens and develop an ongoing partnership within our region. We are very glad they are here.”
The Kentucky Economic Development Finance Authority preliminarily approved Toyota Boshoku America for tax benefits up to $2.1 million under the Kentucky Jobs Development Act, to encourage the project’s location in Kentucky. The incentive program is designed to attract and expand technology- and service-related industries in the state.
A community profile for Boone County can be found at: http://www.thinkkentucky.com/EDIS/cmnty/index.aspx?cw=049.
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The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2006 totaled more than $3.4 billion with the creation of over 18,500 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.ThinkKentucky.com.