On May 14, Governor Greg Abbott announced that thanks to an offer from the Texas Enterprise Fund, Kubota Tractor and Credit Corporations, based in Torrance, California, will be moving their headquarters to Grapevine, Texas.
Kubota President and CEO, Masato Yoshikawa, when asked why the move would take place responded by saying… “[Texas’] business friendly climate, state incentives and geographical location were important factors” in the decision to relocate. The corporate headquarters relocation is expected to create at least 344 new jobs, and at least $50 million in capital investment in the state.
State Representative Giovanni Capriglione responded, “Kubota’s relocation is a significant economic development for Grapevine and for Texas. Grapevine City Council has done a great job in supporting and encouraging this venture. I’m proud to represent Northeast Tarrant County and the citizens of Grapevine, and I look forward to witnessing firsthand how the relocation will positively impact the community.”
Construction on the new facility in Grapevine will begin in 2015 and is scheduled to be complete during the early months of 2017.
Serving in his second term in the Texas House, Representative Capriglione is focusing his efforts on strengthening economic development, promoting government transparency, and finding fiscally responsible solutions. Representative Capriglione serves on the Appropriations, Investments and Financial Services, and Local and Consent Calendar Committees. He is also the chairman of the Subcommittee on State and Local Bonded Indebtedness.