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Fortune 500 firm Sealed Air moving HQ to Charlotte

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CHARLOTTE, NC (AP) -- North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from several other states.

A North Carolina committee that approves corporate tax breaks on Wednesday approved up to $36 million over 12 years if the company meets job and investment targets. The Elmwood Park, New Jersey, company was expected to announce the move with North Carolina officials later Wednesday.

North Carolina Commerce Department spokeswoman Kim Genardo said the company will consolidate some operations from Connecticut, Wisconsin, South Carolina and New Jersey into a new headquarters complex in the Charlotte area costing more than $50 million.

Genardo said the company also considered Greenville, South Carolina, before choosing Charlotte.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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