Apr 02

Incentives gap narrow as NC lost Mercedes HQ to Georgia

By EMERY P. DALESIORALEIGH, N.C. — North Carolina officials are looking back at a second failed effort to attract a major carmaker’s American headquarters as the state looks ahead to luring Volvo’s first-ever U.S. assembly plant. North Carolina lost out in January when luxury automaker Mercedes-Benz announced it’s moving its U.S. headquarters from New Jersey to suburban Atlanta. Documents newly released by the state Commerce Department indicate a relatively small role for tax breaks & other incentives. A document prepared by Gov. Pat McCrory’s staff ahead of a meeting with Mercedes executives in October said North Carolina was offering Mercedes $15.3 million in tax breaks & customized worker training. State law requires the release of recruiting documents after a company has announced a decision on its preferred location, which Mercedes did almost three months ago. …

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