In welcomed news for the residents of Michigan, Toyota announced today an investment of $100 million over the next four years on an advanced research activity in their backyard. The funding will be centered around the newly established Toyota Research Institute of North America (TRI-NA), which is tasked with accelerating advanced research on energy and the environment, safety, and mobility infrastructure. TRI-NA will not build new facilities, however, though it will utilize existing space in Ann Arbor, Michigan, at the Toyota Technical Center.
The Governor of the state, Jennifer M. Granholm, understandably welcomed the news. In addition to the millions of dollars pumped into Michigan's economy, TRI-NA hopes to be staffing upwards of 60 employees by 2010. For those who are counting, Toyota now directly employs over 43,000 in North America, and it purchases more than $30 billion in parts, materials goods and services from North American suppliers each year. While a still a drop in the bucket compared to what our own domestics spend in this country, it's not for nothing.
[Source: Toyota]
PRESS RELEASE
Toyota Establishes Research Institute in North America
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