MONTVALE, NJ—Automaker Mercedes-Benz is reportedly considering relocating its US headquarters from Montvale, NJ to Atlanta.
The firm, which occupies approximately 141,000 square feet of office space on about 37 acres in Montvale, is considering relocating operations there to Atlanta, according to the Atlanta Business Chronicle. The company employs approximately 800 workers at its Montvale campus.
The Mercedes headquarters relocation could include consolidation of back-office operations from around the country, site consultant John Boyd says.
"That's likely to happen in a market like Atlanta because of the low-cost of doing business and the region's abundant high skilled workers," he said. "Expect Mercedes to put some IT operation in the Alpharetta area."
Atlanta is a top East Coast sales market for Mercedes. The automaker also uses the Port of Brunswick near Savannah to ship its vehicles from. Mercedes builds C-class and SUVs in Tuscaloosa, AL.
However, the move to Atlanta is not a done deal and Boyd warns that New Jersey still has the capability to keep the car maker in the Garden State.
"Don't discount New Jersey's ability to offer a last second Hail Mary pass with an incentive package," Boyd says, noting the state could tap into its Grow N.J. Assistance Program. See story in the Atlanta Business Chronicle.
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