Multiple published reports indicate that Mercedes-Benz will select Georgia over North Carolina this afternoon for the relocation of its corporate headquarters.
The Atlanta Business Chronicle reports:
Mercedez-Benz will announce plans today to relocate its U.S. headquarters to Atlanta — a move that would create 1,000 jobs.
The relocation of the German luxury automaker would be the biggest economic development coup for metro Atlanta since landing United Parcel Service of America (UPS) in 1991.
On Monday, Governor Pat McCrory told business leaders the General Assembly must make it a priority to give his administration a strategic incentives fund to recruit businesses.
“I cannot be at the negotiating table without knowing what we have in North Carolina to negotiate with,” said McCrory at the Economic Forecast Forum. “I am talking with major job creators right now, and I need these tools.”
Last year, House members rejected a $20 million Job Catalyst fund to be administered solely by North Carolina’s Commerce Secretary saying that it lacked accountability.
Mercedes, which will make its formal announcement at 3:00pm, was reportedly offered $40 million to $50 million in incentives to relocate to the Atlanta area.