Reports: Mercedes Benz bypasses the Triangle, bound for Atlanta

mercedesMultiple 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.

One Comment

  1. Alan

    January 6, 2015 at 6:24 pm

    While the corporate welfare of subsidies surely plays a very large part in decisions such as this, it’s not the only decision factor. The toxic political environment created by the far-right here in NC, combined with it’s race to the bottom in public education, obvioulsy played a part also. Didn’t take Emporer McCrony and his band of knuckle-draggers long to inflict serious damage to NC’s reputation did it?

    Mercedes-Benz USA President and CEO Stephen Cannon said in a statement that the company will benefit by being closer to its growing base of customers in the Southeast as well as its port in Brunswick, Georgia, and its manufacturing facility in Alabama.

    Cannon praised New Jersey and the company said some operational areas will remain in Montvale and Robbinsville

    “The state has worked tirelessly with us as we evaluated our options,” he said in a statement. “Ultimately, though, it became apparent that to achieve the sustained, profitable growth and efficiencies we require for the decades ahead, our headquarters would have to be located elsewhere.”


Check Also

Duke adopts decontamination technology, allowing reuse of N95 face masks in short supply

As state officials scramble to acquire more personal ...

Top Stories from NCPW

  • News
  • Commentary

Just three days after Gov. Roy Cooper declared a state of emergency in response to the COVID-19 pand [...]

The fields, rested over the winter and moistened by recent rains, are waiting and ready. Thousands o [...]

WASHINGTON — Sen. Richard Burr (R-N.C.), who’s facing a political firestorm for selling off stocks a [...]

The weather was unkind Monday, the first day Durham Public Schools offered lunches to thousands of s [...]

Now is no time for North Carolina to double town on "fiscal restraint" As the health pande [...]

What will happen when COVID-19 reaches our local jails and prisons in North Carolina? Without a chan [...]

The post Pandemic supplies appeared first on NC Policy Watch. [...]

Experts say it is a certainty that there will be an economic slowdown as a result of the coronavirus [...]