Here’s a follow up to last week’s post on North Carolina’s passing legislation to increase the amount of incentives the state can offer per jobs brought in.
Following the legislation, Honeywell announced that it would shift its global headquarters to Charlotte, NC from Morris Plains, NJ. The southeast gives the conglomerate better proximity to several of its businesses, according to Reuters.
“Honeywell will relocate about 150 to 200 New Jersey-based senior management positions and about 100 South Carolina-based employees to Charlotte between now and September 2019, the company said.
The company plans to gradually add about 500 corporate and SPS employees to the Charlotte location over the next five years, taking the total employment to about 750 at the new location by the end of 2024.
About 1,000 Honeywell employees will remain within the company’s six locations in New Jersey.”