Newspaper reports in NJ indicate that Mercedes most likely will announce the relocation of their US headquarters from Montvale,NJ to Atlanta in January.
The news is not surprising as the climate is not construed by many as being "business friendly". In addition, the high cost of doing business here is not favorable to private sector employers. Hertz is also relocating their current corporate HQ just down the street from Mercedes to Florida. The total job loss will be 1000 and 700 respectively.
The NJ government recently bestowed generous tax incentives to Subaru of America to relocate their HQ building from Cherry Hill NJ to Camden. There was speculation that they would move to PA.
People are wondering if BMW will follow Mercedes and relocate their corporate HQ out of NJ. BMW and Mercedes are about 1 to 2 miles away from each other here.
I think it makes sense for Mercedes to move closer to their manufacturing operations down south. An added benefit is to escape the oppressive taxes and costs associated with doing business in NJ.
Link is below.
http://www.nj.com/business/index.ssf/201...eport_says.html
The news is not surprising as the climate is not construed by many as being "business friendly". In addition, the high cost of doing business here is not favorable to private sector employers. Hertz is also relocating their current corporate HQ just down the street from Mercedes to Florida. The total job loss will be 1000 and 700 respectively.
The NJ government recently bestowed generous tax incentives to Subaru of America to relocate their HQ building from Cherry Hill NJ to Camden. There was speculation that they would move to PA.
People are wondering if BMW will follow Mercedes and relocate their corporate HQ out of NJ. BMW and Mercedes are about 1 to 2 miles away from each other here.
I think it makes sense for Mercedes to move closer to their manufacturing operations down south. An added benefit is to escape the oppressive taxes and costs associated with doing business in NJ.
Link is below.
http://www.nj.com/business/index.ssf/201...eport_says.html