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Mercedes-Benz Moves HQ to New York

October 1, 1997

PEARL RIVER, N.Y. (AP) _ Mercedes-Benz said Wednesday it will move its North American headquarters from New Jersey to a New York site four miles away.

Michael Basserman, chairman and chief executive of Mercedes-Benz of North America, said the company wanted to centralize as much of its headquarters staff under one roof without hurting its current work force.

Mercedes managers were still arranging the final moving date but said the move was expected to be complete in early 1999.

The German automaker will bring 750 jobs to New York’s Rockland County and create another 400 in the next five years, said Gov. George Pataki, who joined Mercedes-Benz officials for the announcement. The company plans to spend $50 million on a new 400-thousand-square foot building.

Workers across the state border at the current Montvale, N.J., plant, who watched the news conference via a live satellite hookup, were reassured that they would not lose their jobs.

Basserman said New York closed the deal with ``a highly competitive package, along with an innovative, pro-business attitude.″

The package includes a potential $1.5 million job creation grant, a $500,000 construction grant, a $300,000 relocation grant, $800,000 in skills training grant, $625,000 in loan interest loans, and another $1.3 million in low interest loans.

In 1996, Mercedes-Benz sold more than 90,000 vehicles in the United States.

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