Mack Trucks is relocating its headquarters to Greensboro where its sister company, Volvo Trucks North America, already is headquartered. The company may move as many as 493 of its current 680 HQ staff members from Allentown, Pennsylvania. The state has provided a grant of as much as $8.5 million to subsidize the company’s potential $17.7 million investment.

Just to repeat, Mack’s sister company already has its headquarters in Greensboro and Mack seems to be cutting 197 jobs (28% of its HQ staff) as part of the move. Seems like a strategic move to save money and consolidate operations. Why did the state have to subsidize this at all? Parent company Volvo Group did not have any other options to achieve the same result, unless it wanted to have massive upheaval and move both headquarters to a third location.