Samsung moving U.S. headquarters from New Jersey to Texas
The move has drawn criticism from the New Jersey Business & Industry Association, which said the decision is the result of decades of anti-business policies in the state.
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Samsung is moving its U.S. headquarters from New Jersey to Texas, less than a year after holding a grand opening at its facility in Englewood Cliffs.
The move has drawn criticism from the New Jersey Business & Industry Association, which said the decision is the result of decades of anti-business policies in the state.
The organization is calling on Gov. Mikie Sherrill to change what it describes as New Jersey’s “challenged business climate.”
“Governor Sherrill has signaled the need and desire to improve our business climate, to reduce costs, red tape and other permitting and regulatory burdens. We believe there is reason to be optimistic,” the NJBIA said in a statement.
Gov. Sherrill's office declined comment.
"Samsung Electronics America Inc. is undergoing a business transformation designed to better position our organization for long-term growth and future success. As part of this effort, we are relocating our U.S. headquarters from New Jersey to our existing campus in Plano, Texas, building on our 30-year presence in the state," said a Samsung spokesperson.
The company says the transition from New Jersey to Plano, Texas will be completed by the end of the year.
"As part of this strategy, we will be optimizing parts of the organization to ensure our roles and functions align to key business priorities. We recognize such adjustments will have an impact on our people and we will be providing support to those affected," Samsung said.
The announcement comes just months after Exxon moved its headquarters from New Jersey to Texas after nearly 150 years in the state.
The NJBIA said the departures highlight concerns about the state’s business climate and urged state leaders to take steps to retain and attract major employers.
