Northern Kentucky leaders plot next moves after loss of Toyota

Broker: Headquarters building will find buyer

Northern Kentucky leaders quickly moved from shock and dismay to damage control Tuesday, as the region reacts to Monday’s surprise announcement that Toyota Motor Corp. will relocate 1,600 jobs from its North American manufacturing headquarters to Texas, Michigan and Georgetown, Ky.

The Northern Kentucky Chamber of Commerce is working with Northern Kentucky Tri-County Economic Development Corp., the region’s lead economic development agency, to put a workforce-assistance program in place to help Toyota employees remain in the region if they choose not to move to Texas.

Erlanger City Administrator Marc Fields embarked on a planning process to determine what kinds of budget cuts will be required if revenue from Toyota jobs isn’t replaced by the time the company starts relocating personnel in 2016.

Governor Steve Beshear brushed off questions about Kentucky's business climate, saying Toyota will still hav 8,600 employees in the Commonwealth.

“We’ve got a great investment with Toyota,” he said. “So, we’re going to build on that and just keep marching right on.”

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