Sony Ericsson recieves $4 million in economic incentives
Newly relocated handset maker Sony Ericsson receives $4 million in economic incentives from the state of Georgia. The incentive is given to companies that create jobs with a salary above average in the county they are located in.
Sony Ericsson relocated in July 2010 to Terminus 200 in Buckhead from the former headquarters located in Research Triangle, N.C, creating 180 jobs. The reason for their relocation was part of a global restructuring as well as Atlanta being home to AT&T, which is Ericsson’s largest customer. Another important factor was also the Hartsfiel-Jackson Atlanta International Airport, which creates great access to Latin America which is an important market for Ericsson.
Once again this is a great example of Atlanta being one of the fastest growing and business friendly cities in the nation.
The full article is found in Atlanta Business Chronicle, Special section March 4-10 2011, Page 8D