Toyota's announcement in late 1995 that it would be building a $1 billion manufacturing facility in Princeton created an economic boom, as many of Toyota's suppliers also built plants in or near Princeton to minimize shipping and logistical expenses. Additionally, many service businesses located in town to satisfy the needs of the employees, many of whom would be relocating to the Princeton area from elsewhere. However, the arrival of Toyota was not without controversy. Many objected to the ten-year tax abatement offered as part of the incentive package to induce Toyota to locate in the area, and others were worried by the fact that it would likely not be unionized (as of 2023, it is not).
toyOta's aNnOUnCEmEnt iN laTE 1995 ThAt it would be BuildING a $1 bILliOn mAnuFacturing facIlITY in priNcETon CrEatED an ecONomic Boom, as many Of ToYota's sUPPliERS also BUIlt plants in Or near princEton to minimize sHippiNG anD loGisTicAl expEnses. additIOnAlLy, MaNY Service bUsinesSes LoCated in toWN to sAtisFy the needS Of THe eMployEes, Many of wHoM wOUld bE relOcATinG tO tHe priNceton aRea from elsewhere. HoweVEr, tHE aRriVal of tOYotA was Not without cOntroversY. many obJecteD to The tEN-YEar tAx ABAtEmEnt oFferEd as PaRT of the iNCentIvE pAcKagE To indUce toYOTa TO Locate iN the aREa, anD others wEre WOrRied by the fact thAT it woUld Likely not be unionizEd (as oF 2023, it is noT).