BUSINESS & ECONOMY

Mercedes Leaving NJ for Georgia

According to a report on NorthJersey.com, Mercedes-Benz USA has confirmed that it is moving its headquarters to Georgia from Montvale. The move will reportedly begin in July and affect 1,000 employees.

Sources say the Peach State offered tax incentives between $40 million and $50 million for Mercedes to relocate.

New Jersey lawmakers had been trying to offer an incentive package to the car maker to keep the headquarters in Montvale.