Kubota Tractor is planning to relocate its corporate headquarters from Torrance, Calif., to Grapevine, Texas. Construction of Kubota's Grapevine facility will begin this year and is scheduled to be completed by the first quarter of 2017.
“Our decision to relocate our corporate headquarters to a more central part of the U.S. was a major part of our future business strategy, but which state we would ultimately choose was not,” said Masato Yoshikawa, President and CEO, Kubota Tractor Corporation. “Texas ultimately helped make that decision easier. Their business friendly climate, state incentives and geographical location were important factors in our final decision.”
Kubota’s headquarters relocation is projected to create at least 344 new jobs and $51 million in capital investment in Texas. A Texas Enterprise Fund (TEF) grant offer of $3.8 million has been extended to Kubota Tractor Corporation.
The company currently has a facility in Fort Worth that employs approximately 100 workers. The TEF offer is contingent upon final execution of the contract between TEF and Kubota and upon Kubota meeting jobs and capital investment projections, as well as the receipt of offered local incentives.
