Honeywell got $40M in tax breaks to stay in N.J. but it’s leaving anyway

Honeywell International, Inc. confirmed Friday it is moving its corporate headquarters from Morris Plains to Charlotte, North Carolina, but that most jobs — at least for now — will remain in New Jersey.

The planned relocation comes just three years after the company received a $40 million tax credit to keep its headquarters in New Jersey, in a deal brokered and heralded by then-Gov. Chris Christie.

Morris Plans Mayor Frank Druetzler told NJ Advance Media the impending move, first reported on Thursday, caught him by surprise.

“This one came out of left field,” said Druetzler, who is ending his 32-year run as mayor at year’s end.

“My preference is that they stay here, but obviously they’re not. We’re going to miss them,” Druetzler said of Honeywell.

[Read More]

Add a Comment

Your email address will not be published. Required fields are marked *