© 2022 Blue Ridge Public Radio
Main Banner Background
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Incentives Gap Narrow as NC Lost Mercedes HQ to Georgia

mercedes.jpg
cpexecutive.com
/
Mercedes HQ in Montvale, NJ

North Carolina officials are looking back at a second failed effort to attract a major car-maker's American headquarters as the state tries to lure Volvo Cars' first-ever U.S. assembly plant.

Documents newly released by the state Commerce Department show North Carolina lost out in January when luxury automaker Mercedes-Benz announced it's moving its U.S. headquarters from New Jersey to Georgia.

A document prepared by Gov. Pat McCrory's staff before a meeting with Mercedes executives in October says North Carolina offered Mercedes $15 million in tax breaks and customized worker training. A December letter to a Mercedes consultant says Georgia offered $23 million in cost savings.

Mercedes put a high priority in flights from Atlanta's airport and proximity to its Alabama factory.

Toyota's headquarters moved to Texas instead of North Carolina.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.
Related Content