Georgia offers $5.8M in incentives for PulteGroup move
by Associated Press Wire
June 05, 2013 03:00 PM | 1291 views | 0 0 comments | 39 39 recommendations | email to a friend | print
In an April 8, 2009 photo, the Pulte Homes Inc. headquarters is seen in Bloomfield Hills, Mich. PulteGroup, one of the country's biggest homebuilders, is planning to move its headquarters to Atlanta from the suburbs of Detroit next year. The company said Friday, May 31, 2013, that the relocation will put it closer to its customers and a bigger portion of its investment portfolio. (AP Photo/Carlos Osorio, FILE)
In an April 8, 2009 photo, the Pulte Homes Inc. headquarters is seen in Bloomfield Hills, Mich. PulteGroup, one of the country's biggest homebuilders, is planning to move its headquarters to Atlanta from the suburbs of Detroit next year. The company said Friday, May 31, 2013, that the relocation will put it closer to its customers and a bigger portion of its investment portfolio. (AP Photo/Carlos Osorio, FILE)
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ATLANTA (AP) — Georgia has offered PulteGroup about $5.8 million in state tax incentives and job training as part of the deal bringing the homebuilder's corporate headquarters to Atlanta.

The Georgia Department of Economic Development says a $1.5 million grant for relocation will be awarded through a state program. An estimated tax credit of $3.3 million will be given because the 310 jobs being created are considered high-paying. The company will also receive $1 million in job training offered by the state.

That equals roughly $18,800 per job being created.

The homebuilder said last week it was leaving suburban Detroit to be closer to its customers. PulteGroup's operations in the Southeast made up 37 percent of its home closings in 2012.

Gov. Nathan Deal said the company's investment would reach $10 million.



Copyright 2013 The Associated Press.

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