Kubota Tractor Corporation and Kubota Credit Corporation will move their corporate headquarters from California to the Dallas area.
Gov. Greg Abbott on Thursday announced the company will relocate from Torrance, California, to Grapevine. Abbott says the move will create about 345 jobs and $51 million in capital investment in Texas.
“I’m proud to extend a warm Texas welcome to Kubota and I know their investment in Texas will allow their company to grow, prosper and create even more jobs in the coming years,” said Governor Abbott. “Thanks to our low-tax, low-regulation environment that allows all businesses to thrive, we are able to bring job creators like Kubota to Texas. As the top state in the nation for agriculture, Kubota is sure to find fertile ground for its products and distribution network.”
The Texas Enterprise Fund has offered a $3.8 million grant to Kubota as part of the planned move to a more central part of the U.S.
Officials say construction on Kubota's Grapevine facility will begin this year and should be completed by early 2017. The company currently has a facility in nearby Fort Worth with about 100 workers.
Kubota Tractor Corporation is a subsidiary of Kubota Corporation, based in Osaka, Japan.
“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 & 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.”
