News & Reviews News Wire NS to repay state, city for incentives to keep headquarters in Norfolk NEWSWIRE

NS to repay state, city for incentives to keep headquarters in Norfolk NEWSWIRE

By Angela Cotey | December 26, 2018

| Last updated on November 3, 2020

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NORFOLK, Va. — Norfolk Southern will pay Virginia and the city of Norfolk about $2.4 million as a result of its announced plan to move its headquarters to Atlanta.

The Virginian-Pilot reports the funds represent a repayment of incentives the company received as part of a 2016 agreement to keep its headquarters in Norfolk until at least 2026.

In an email, NS Vice President of Corporate Communications Tom Werner told the newspaper, “We recognized that the spirit in which the two agreements were forged was no longer intact, and immediately set about setting things right with the City and the Commonwealth in accordance with our corporate values.”

One thought on “NS to repay state, city for incentives to keep headquarters in Norfolk NEWSWIRE

  1. Dum ass move everyone and thing to Atlanta when everything is set up in Norfolk now and in place , remember the old saying , If its not broke don,t fix it , well that’s what Norforlk & Southern is doing , fixing something that wasn’t broke . Leave well enoff alone .

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