Fortune 100 company, Honeywell, announces plan to move HQ to Charlotte

Honeywell, a Fortune 100 company, will relocate its headquarters from New Jersey to Charlotte, creating 750 jobs in the area, Governor Roy Cooper announced on Friday.

The move is contingent upon Monday's anticipated ratification and signing of legislation that has already passed the General Assembly along with approval of state incentives. The company’s move would bring more than $248 million in investment, officials said. 

“With our strong talent, robust infrastructure and unmatched quality of life, including our commitment to education and our low cost of living, North Carolina is the ideal headquarters choice for an elite company like Honeywell,” said Governor Cooper in a written statement released on Friday. “Charlotte is perfectly positioned to provide the education and training, infrastructure and amenities to attract and retain Honeywell’s top talent.”

With this project, Honeywell plans to relocate the company’s extended senior management team along with its Safety and Productivity Solutions business group headquarters.

Honeywell invents and manufactures technologies that address some of the world’s most critical challenges around energy, safety, security, productivity and global urbanization. 

Honeywell’s headquarters location in Charlotte would be facilitated, in part, by a Job Development Investment Grant (JDIG) contingent upon approval by the state’s Economic Investment Committee.