Honeywell Headquarters Leaves New Jersey for North Carolina

Honeywell International Inc. is snubbing New Jersey and heading south.

The manufacturer plans to move its headquarters to Charlotte, N.C., where it sees better opportunities for recruiting executive talent and will be closer to its operating units. About 800 employees will remain at its current offices in Morris Plains, N.J., according to a statement Nov. 30.

Honeywell’s move follows other companies that have moved corporate offices out of states with elevated costs of living and high taxes, including General Electric Co.’s relocation of its headquarter to Boston from Connecticut. Those costs were exacerbated by a new law last year that ...