Georgia Offered Mercedes $23 Million in Incentives to Move to Atlanta
Tuesday, January 13th, 2015
Georgia offered Daimler AG about $23 million in tax credits and other incentives to move Mercedes-Benz USA’s headquarters to suburban Atlanta from New Jersey, according to the state’s formal offer.
The package of state job-tax credits, exemptions and development funds is part of a larger set of enticements including lower corporate-tax rates that Georgia officials say they used to convince the luxury car maker to relocate from Montvale, N.J., its home since 1972.
