Norfolk Southern Corp. plans to move its headquarters from Norfolk, Virginia, to Atlanta.
Gov. Nathan Deal announced the company’s relocation in a statement after a news conference at the Georgia Capitol on Wednesday.
The company is set to create 850 jobs and invest $575 million into its Fulton County campus. The new property will be located at 650 West Peachtree St. NW in Midtown Atlanta.
“As a major hub for both transportation and innovation, Georgia is a fitting home for Norfolk Southern’s new headquarters,” Deal said in the statement. “As the No. 1 state for business six years in a row, Georgia has become a preferred location for industry leaders like Norfolk Southern, as we have seen more than 30 locations or expansions by Fortune 500 companies in the better part of the last decade.”
Norfolk Southern Railway, the company’s subsidiary, operates approximately 19,500 route miles in 22 states and Washington, D.C. It serves every major container port in the Eastern U.S. and provides connections to other rail carriers.
Tim Evans, Hall County Chamber of Commerce’s vice president of economic development, anticipates this relocation having a positive impact on the local economy, especially since it already serves many business throughout Hall County.
As a staple of transportation and logistics, he said the company’s close proximity will reap benefits beyond jobs and investment.
With Norfolk Southern locating to an established business hub, he foresees other companies turning their gaze toward relocating in Georgia.
“The infrastructure and right-of-way that Norfolk Southern owns is very much a part of our community and many others across the country,” Evans said. “Having close access to the headquarters and leadership of Norfolk Southern is valuable.”