An arm of South Korea-based Hyundai Heavy Industries Co. is dumping metro Chicago for Norcross and bringing about 100 jobs with it.
Hyundai Construction Equipment Americas is moving its Americas headquarters to 6100 Atlantic Blvd. in Norcross. The operations will include a warehouse and office space for the company's finance, sales and service operations, Gov. Nathan Deal's office announced late Tuesday.
About 100 jobs will be created over the next five years, the governor's office said. The project is expected to be up and running by the third quarter of this year.
The state offered up to almost $2 million in incentives. They include a job tax credit of $625,000, a port tax credit of $625,000 and tax exemptions of between $120,000 and $600,000, according to the Georgia Department of Economic Development.
Hyundai Construction Equipment, formed in 1991, makes excavators, forestry machines and wheel loaders. "Hyundai Construction Equipment has a global reputation as a leader in providing its customers with innovative, high-quality equipment that serves all facets of the construction industry," Deal said in a prepared statement.
"Georgia's strategic resources create opportunities to attract well-known international companies like HCE and help broaden our presence in the global business community," he said.
"The expansion of this well respected international company will be an excellent fit for the location and provide access to a talented work force," Norcross Mayor Bucky Johnson said. "We look forward to working with the leadership of the company to make them feel at home."
