City approves 10-year tax abatement for Toyota expansion

The Columbus City Council approved a 10-year tax abatement for Toyota Industrial Equipment Manufacturing.

The company plans a $16 million expansion project, constructing a 50,600-square-foot addition to its plant on Inwood Drive in Woodside Industrial Park and renovating 13,000 square feet of existing space.

The new building also will serve as headquarters for Toyota Material Handling North America, which is the North American division of Toyota Material Handling Group.

The construction and renovation will include a two-story office building, a new cafeteria, a new storm shelter, locker room and expansion space for Toyota’s on-site medical center for associates and their families, the company said.

The project will result in the company hiring a minimum of seven additional design engineers, adding $525,000 to the company’s payroll, at an average annual salary of $75,000, the application documents state.

The Toyota campus, about six miles south of downtown Columbus, opened in 1990 and has gone through about a dozen expansions. The company builds three- and four-wheel forklifts and other equipment.