[Congressional Record (Bound Edition), Volume 152 (2006), Part 6]
[Extensions of Remarks]
[Page 8094]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 TRIBUTE TO TOYOTA MOTOR MANUFACTURING

                                 ______
                                 

                        HON. JOHN N. HOSTETTLER

                               of indiana

                    in the house of representatives

                         Thursday, May 11, 2006

  Mr. HOSTETTLER. Mr. Speaker, I rise before you today to recognize 
Toyota Motor Manufacturing on their 10th anniversary of operation in 
Princeton, Indiana. Since 1996, Toyota has been a top contributor to 
both the economy and the community life of southern Indiana. During the 
past 10 years, Toyota has both harnessed the excellent workforce and 
favorable business conditions available in our region, and has invested 
time and resources back into our local people and businesses.
  The Princeton Toyota plant opened their doors with an initial 
investment of $700 million, employing 1,300 team members with a 
production rate of 100,000 trucks per year. In just 10 years, 
production has skyrocketed to 300,000 vehicles per year, including the 
Tundra full-size pickup truck, Sequoia SUV, and Sienna minivan. With 
the recent addition of another plant in Lafayette, Toyota is now the 
largest automaker in Indiana.
  A study released by University of Evansville and University of 
Southern Indiana determined that Toyota's annual economic impact in 
Indiana equals 31,385 jobs, $502.9 million in employee compensation, 
and $5.5 billion in business sales, representing a significant 
influence on the economy of southwest Indiana, and the state as a 
whole. In Gibson County alone, Toyota generates 8,865 jobs, $118.9 
million in employee compensation, $518.6 million in business sales. The 
Evansville area enjoys 12,990 jobs, $341.7 million in employee 
compensation, and $1.4 billion in business sales as a result of Toyota.
  In addition to their positive economic impact, Toyota has been a 
wonderful neighbor to Princeton and the surrounding communities. Toyota 
is proactively involved in educational and charitable initiatives by 
awarding scholarships to local students, and providing grants to local 
schools and non-profit organizations. I am pleased to commend Toyota as 
an example of good citizenship.
  I ask my colleagues to join me in congratulating Toyota on 10 years 
of outstanding service and contribution to southern Indiana.