UPDATE 12/12/18 7:15PM Officials have announced that Norfolk Southern is heading to Georgia — and will relocate its headquarters to Atlanta.
Georgia Gov. Nathan Deal made it official in a news conference Wednesday afternoon, where he was joined by Atlanta Mayor Keisha Lance Bottoms and representatives from Norfolk Southern.
In a news release, Norfolk Southern said it is in advanced discussions to purchase a site in the heart of Midtown Atlanta that will serve as its next headquarters.
The company said the process of moving to Atlanta will span the next several years.
“Alignment, collaboration, and accountability are the hallmarks of Norfolk Southern’s plan to transform this company and its culture. Our new headquarters in Atlanta advances these key elements of success,” Jim Squires, chairman, president and CEO of Norfolk Southern, said in a statement.
The Atlanta City Council approved a $1.9 billion dollar deal last month that helped pave the way for Norfolk Southern’s decision to relocate.
Norfolk Mayor Kenny Alexander told WAVY the incentives in Atlanta probably did the trick. However, Alexander also said Norfolk Southern will have corporate obligations here until 2026.
“Norfolk Southern is grateful to the city of Norfolk and the commonwealth of Virginia for their support of our company over the last three plus decades,” Squires added in his statement.
An announcement is expected Wednesday on whether Norfolk Southern will move its headquarters to Atlanta.
According to the Atlanta Journal Constitution, the Fortune 500 company plans to move to Georgia to consolidate operations. Last month, the Atlanta City Council approved a $1.9 billion dollar deal to help relocate the company.
Norfolk Mayor Kenny Alexander told our sister station WAVY the incentives in Atlanta probably did the trick.
However, Alexander also said Norfolk Southern will have corporate obligations here until 2026. The move could impact the region not just in Norfolk, but also at the Virginia Beach Oceanfront.
Gov. Nathan Deal has called a 2 p.m. news conference where the announcement is expected, the newspaper reports citing two people with knowledge of the situation. Norfolk Southern has yet comment on the decision.