Toyota finally picked a location for their new plant. Chattanooga lost out because of concerns over air quality. It was thought that Marion, Arkansas was the front-runner, but Toyota has officially chosen Tupelo, Mississippi.

Mississippi legislators jubilantly passed an incentives package that includes $293 million to Toyota to pay for roads, water and sewer lines, $60 million to local governments to acquire land, and $30 million for Toyota’s preferred auto suppliers.

The hoped-for economic benefit to Memphis if nearby Marion was chosen won’t be realized as Tupelo is 100 miles away. Still, there should be some effect given Memphis’ position as a major shipping hub.