A longterm Giant, of the Lehigh Valley, and in the world, Mack Trucks in Allentown since 1905, is relocating to Greensboro North Carolina. Where it’s Mother Company, Volvo of Sweden has established successful headquarters’ roots.

This move although heavily “costing” to many Lehigh Valley individuals , businesses & Local Real Estates, is by design, to improve the company’s effectiveness and competitiveness. 

According to it’s CEO, “the company’s restructuring, beginning later on this year and continuing through 2010, will result in 493 new jobs paying an average salary of more than $73,800.00 in addition to health and insurance benefits”

The company sold 9 percent of the heavy truck market. And employed  4,241 people.

Most likely, Mack Trucks will take up space on the Volvo Trucks campus near Piedmont Triad International Airport initially.

Some interesting releases from NC say that “For each year the company meets required performance targets, the state will provide a Job Development Investment Grant equal to 60 percent of the state personal income  taxes resulting from the creation of new jobs. Should the company create the jobs called for under the agreement and sustain them for nine years, the agreement could yield as much as $8.5 million in maximum benefits for Mack Trucks.”

Mack is a Welcome Success to North Carolina and a Sad Loss to the Lehigh Valley, specifically Allentown.