MORRIS PLAINS, N.J. – Honeywell, a major manufacturer of electronics, aerospace and electronics, wants to call Charlotte home.
The Fortune 100 technology company today announced plans to relocate its global headquarters to the Queen City in the coming year.
The uptake: around 750 jobs added to the local economy with pay median salaries of $85,000 by the end of 2024.
Honeywell also announced it will relocate the headquarters of its Safety and Productivity Solutions (SPS) business group from Fort Mill, South Carolina, to Charlotte, under incentives recently passed by the General Assembly.
As part of the move, about 150 to 200 New Jersey-based senior management positions and about 100 South Carolina-based positions will relocate to Charlotte between now and September 2019.
The company envisions gradually adding about 500 Honeywell corporate and SPS positions to the Charlotte location over the next five years, bringing total employment there to about 750 by the end of 2024.
“Charlotte is a top-10 destination city in the U.S. that will readily enable us to recruit and retain the world-class talent we will need over the long term to support Honeywell’s strategic focus on leading technology and software solutions within our end markets,” Darius Adamczyk, Honeywell’s chairman and chief executive officer, said in a statement.
“We also are strong believers in supporting our communities, and we look forward to bringing Honeywell Hometown Solutions – our award-winning corporate citizenship initiative – to the Charlotte area.
“Our decision does not reflect any issues with the quality of our experience in New Jersey,” Adamczyk added.
Approximately 1,000 Honeywell employees will remain in New Jersey across the company’s six locations in the state, including about 800 employees at Honeywell’s offices in Morris Plains.
Fort Mill will also continue to be a significant employment center for Honeywell.