North Carolina was ready to offer Toyota $107 million, documents show

North Carolina was prepared to offer Toyota up to $107 million worth of incentives to lure the automaker’s North American headquarters to Charlotte, documents obtained by the Observer show.

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North Carolina recently released a breakdown of the nearly $1.6 billion in incentives offered to Toyota-Mazda, at the request of triad business journal, and the state documents also reveal more.

The Record said Mercedes-Benz USA may be offered between $40 million and $50 million in local and state incentives in Georgia.

The state of North Carolina ultimately offered an incentives package that was worth the same amount – $1.6 billion. But the favored site has a major blemish. It is bisected by a 2-mile section of a major Duke Energy transmission line. Toyota and Mazda officials said it needed to be moved.

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North Carolina has lost out on landing the much sought-after Toyota-Mazda joint auto manufacturing plant, which would have brought 4,000 jobs to the state and invested $1.6 billion, The (Raleigh.

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