German luxury automobile maker Mercedes-Benz is moving its U.S. headquarters from New Jersey to Atlanta, moving about 1,000 jobs and dealing a blow to state officials who have lobbied for weeks to keep the company.
New Jersey Gov. Chris Christie had a series of meetings with Mercedes-USA President and CEO Stephen Cannon to try to keep the company in New Jersey, said Michael Drewniak, a spokesman for the governor.
“In each conversation Mercedes USA made one thing very clear about its decision to leave: The cost of doing business and the tax environment is just too high here to be competitive with a state like Georgia,” he said.
That reinforces Christie’s “repeated calls to lower taxes and change the business climate,” Drewniak said.