Made in S.A. - A Manufacturing Hub
The San Antonio Economic Development Foundation (SAEDF) announces that Navistar International Corporation is opening a major facility in the San Antonio region.
On the heels of Toyota’s Tuesday announcement, San Antonio can boast a second big win for the manufacturing segment this week, and for the community as a whole. Navistar, a global manufacturer of commercial vehicles, chassis, and diesel engines, plans to build a commercial vehicle production facility on the Southside of town resulting in more than $250 million in capital investment and approximately 600 jobs for the area.
“San Antonio is winning,” said Ron Nirenberg, Mayor of the City of San Antonio, “and we are committed to creating even more opportunity for every citizen to win too. Navistar is one of the world’s most innovative companies and we share a vision for the future of our region,” the mayor added.
The manufacturing industry currently has a $40 billion annual economic impact on the San Antonio region. With these recent announcements, this number is expected to grow. In particular, the economic impact of the Navistar facility is projected at $5.6 billion over 10 years.
“Thousands of people in our county make their living in manufacturing,” stated Bexar County Judge Nelson Wolff. “These are the kinds of jobs that not only provide a good living, but can change a family’s circumstances for generations.”
From high-end food to Super Hornet jets, recent manufacturing projects show that San Antonio is a region of creators. Cuisine Solutions has a 290,000 sq. ft. building under construction at Brooks, while metal-injection company Indo MIM and aerospace giant Boeing make their home at Port San Antonio. The network of suppliers associated with each company further enhances the manufacturing ecosystem in the region. Aisin AW, a supplier to Toyota, recently announced their plans to build engines in Cibolo, TX. Specifics of the Navistar project aren’t yet public, but the company will assemble vehicles in San Antonio.
“Amazing things are made in S.A.,” said SAEDF CEO Jenna Saucedo-Herrera. “It’s our job as economic developers to create an environment for success in the region. That means building the workforce and supply chain that enable companies like Navistar to build the things that change the world.”
A recent economic impact study conducted by Dr. Steven Nivin, Assistant Professor of Economics at St. Mary's University, calculated the 10-year impact of the recently announced Toyota expansion and two related suppliers. The conservative impact was quoted at more than $10 billion in 10 years, with an employment multiplier of 40,000 jobs. Holistically, recent manufacturing projects in the region are expected to generate increased economic activity, creating a ripple effect in the community.
“Navistar’s and Toyota’s decisions to invest here demonstrate San Antonio is ready for business,” said San Antonio City Manager Erik Walsh. “With our central location, city-owned utilities, robust workforce and valuable training partnerships, San Antonio is the ideal location for businesses to invest and thrive.”
On Oct. 31, the San Antonio City Council will consider an incentive package for Navistar’s prospective San Antonio investment. Bexar County is also considering an incentive package to assist the company’s growth to be reviewed by Commissioners Court on November 5. The State of Texas already approved a robust Texas Enterprise Fund package.
Pending incentive approvals, Navistar will break ground in 2019 and is anticipated to begin production within the next two years.
Navistar International Corporation (NYSE: NAV) has since 1831 had a history interwoven with some of the most defining moments in world history. Whether it was America's westward expansion or WWII, we were there, pushing the limits of what's possible and driving history forward. But that doesn't mean we're stuck in the past. We're determined to keep delivering smart, sustainable technologies - because we believe that innovation defines America's future, too.
Our products, parts, and services are sold throughout a network of nearly 1,000 dealer outlets in the United States, Canada, Brazil and Mexico and more than 60 dealers in 90 countries throughout the world. With facilities on six continents - including North America, South America, Europe, Africa, Asia and Australia - we have the power to provide the most strategic and innovative solutions to our customers, no matter where they are. For more information about Navistar, visit www.navistar.com.
About the San Antonio Economic Development Foundation
The San Antonio Economic Development Foundation is the public private partnership leading San Antonio’s transformative economic growth through business recruitment, business retention & expansion and workforce development. Leading Team San Antonio, made up of the City of San Antonio, Bexar County, CPS Energy, SAWS and over 160 private sector investors, the organization is responsible for assisting over 500 companies relocate or expand in the region that collectively employ more than 120,000 San Antonians. For more information on San Antonio’s dynamic industry growth and economic opportunity, visit SanAntonioEDF.com and follow us Twitter @SanAntonioEDF, LinkedIn or Facebook.