NCR celebrates second HQ move in less than 10 years

Less than a decade after moving its headquarters from Dayton to Duluth, Ga., NCR marked the opening of a new midtown Atlanta headquarters Monday.

NCR Corp. said its two-tower campus “will provide the space needed to prepare for future growth and create innovations that will help power the digitally-connected economy.”

The company’s new headquarters will be home to about 5,000 employees working in some 750,000 square feet of space. It features two office towers, with employees now starting to move into the first tower, and the second tower slated to open later this year, the company said.

RELATED'Double-dipping' companies exploit soft market, expert says

Construction of the first tower began in November 2015. In September 2016, NCR announced it would expand the campus and build a second tower.

NCR said it worked with the Georgia Department of Economic Development and Invest Atlanta on development of the campus to create $450 million of public and private investment in Atlanta.

RELATEDGOP blames Strickland for NCR loss

“This campus symbolizes the power of reinvention,” Bill Nuti, NCR chairman and chief executive, said in a statement. “It celebrates the innovators, dreamers, and problem-solvers who walk through our doors every day and have the courage to build a better tomorrow. Our move to Midtown is part of our vision for transforming Atlanta into the Silicon Valley of the East.”

In early 2014, the Atlanta Journal-Constitution first uncovered documents showing that NCR leaders were considering their second headquarters move in — at that time — half-a-decade.

The documents showed that NCR leaders considered asking Georgia Tech’s foundation to spend up to $30 million to buy land for a new corporate campus, the AJC reported in 2014. Asked for comment at the time, a spokesman for NCR said the company did not respond to “rumors.”

RELATEDNCR to offer former employees cash to cut pension costs

The AJC reported in October 2016 that the consumer interactions technology company stood to receive incentives of about $45 million from state tax credits, local property tax incentives and a state grant for its latest headquarters move.

That’s on top of about $16 million in incentives offered to NCR by the city of Atlanta when NCR first announced plans to move to Atlanta from Gwinnett County in 2015, the AJC reported.

RELATEDNCR CEO forgets NCR — and Dayton — in ATM column

NCR’s exit from Dayton cost the city about 1,250 jobs — with $2.5 million in city income tax revenue — and its last Fortune 500 company.

About the Author