NCR opens first of two towers at Midtown Atlanta HQ


Financial technology giant NCR opened the first of two towers in its new headquarters campus in Midtown Atlanta on Monday.

NCR’s move from Duluth to Atlanta has been among the more high-profile corporate relocations within the region, as the company spurned the suburbs to locate near transit and Georgia Tech, in the heart of Midtown’s growing technology hub.

NCR said it will ultimately house 5,000 workers at the campus at Spring and 8th streets near Technology Square. The second tower will open later in the year.

In January 2015, after months of secret talks with state economic development officials, city leaders and Tech, NCR announced plans to move its headquarters from Gwinnett County to Midtown. It ranks as one of the largest corporate relocations within the metro Atlanta area in recent memory.

The company had mulled job cuts in Georgia before making known its plans for relocating to Midtown, the AJC reported in in February 2015. NCR later announced it would add the second tower, 1,800 new jobs and a new innovation lab.

NCR received incentive packages that could total more than $60 million as part of the move to Atlanta, including property tax breaks, tax credits for newly created jobs and grants.

“This campus symbolizes the power of reinvention,” NCR Chairman and CEO Bill Nuti said in a news release. “It celebrates the innovators, dreamers and problem-solvers who walk through our doors every day and have the courage to build a better tomorrow.”

NCR is in the midst of its own reinvention, from a company that focuses on hardware, such as cash registers and automated tellers, to software and the internet-of-things or IoT, which is when machines communicate with one another.

Under Nuti — who leads the company from New York — NCR has worked to transform itself into an “omni-channel leader,” helping merchants reach customers seamlessly in store, online and through mobile devices.

In 2015, company officials said they viewed the new campus as a calling card to help recruit top talent. The glass-wrapped campus will allow students at Georgia Tech to watch NCR technologists at work from the street.

Founded in 1884 as National Cash Register in Dayton, Ohio, NCR moved to Gwinnett County in 2009, lured by about $109 million in state and local incentives. Georgia’s financial technology sector employs more than 40,000 people, according to the American Transaction Processors Coalition.

NCR announced plans in 2015 by financial giant Blackstone to invest $820 million in NCR as part of the Fortune 500 companies’ broader move to software and services.

MYAJC.COM: REAL JOURNALISM. REAL LOCAL IMPACT.

AJC Business reporter J. Scott Trubey keeps you updated on the latest news about economic development and commercial real estate in metro Atlanta and beyond. You'll find more on myAJC.com, including these stories:

Never miss a minute of what's happening in local business news. Subscribe to myAJC.com.



Reader Comments ...


Next Up in Business

Atlanta ranks 10th in population increase, U.S. Census Bureau reports
Atlanta ranks 10th in population increase, U.S. Census Bureau reports

Among the U.S. cities with the biggest jump in population, Atlanta ranked 10th last year, according to a newly released report by the U.S. Census Bureau. The city saw an influx of 13,323 new residents between July 2016 and July 2017, translating to about 36 people moving in each day. Nationally, at the top of the list, San Antonio registered the largest...
New bank law spurs both support and criticism in Georgia
New bank law spurs both support and criticism in Georgia

Some Georgia bankers joined U.S. Sen. David Perdue in praising this week’s rollback of the Dodd-Frank law’s restrictions on banks, although consumer groups criticized the measure. The new banking law, signed by President Trump on Thursday, loosens the restraints on banks that were put in place by the Dodd-Frank law after the financial...
Weak job growth in metro Atlanta last month
Weak job growth in metro Atlanta last month

Metro Atlanta saw weak job growth in April, although the unemployment rate dropped as thousands of people stopped looking for work, according to a report Thursday from the state department of labor. Although April is typically a strong month for hiring, the economy added just 8,100 jobs – less than half the average growth during the previous...
Delta plans to restart flights to Mumbai
Delta plans to restart flights to Mumbai

Delta Air Lines said it plans to restart nonstop flights from the United States to Mumbai next year. Atlanta-based Delta made the announcement in the wake of U.S. agreements reached earlier this year with Qatar and the United Arab Emirates.  Delta spokesman Trebor Banstetter said the new flights would be from Atlanta or New York. The...
Delta ranks near top in on-time performance for first quarter
Delta ranks near top in on-time performance for first quarter

Atlanta-based Delta Air Lines ranked near the top among U.S. carriers for on-time performance in the first quarter of the year, according to a federal report. For January-March 2018, Delta was No. 2 for punctuality with an 86.37 percent on-time arrival rate, according to the U.S. Bureau of Transportation Statistics. Alaska Airlines held the No. 1 spot...
More Stories