The credits amount to $3,500 for each new job created for up to five years, which could total $31.5 million for 1,800 jobs.
According to a document from Invest Atlanta, the city will consider property tax breaks totaling about $7.7 million for the second tower at the agency’s Thursday board meeting. The document said Atlanta faced competition from other cities for the expansion.
The property tax breaks are scheduled to go before Invest Atlanta’s board on Thursday, according to a meeting agenda.
Developer Cousins Properties owns the headquarters campus and NCR will occupy the property under a long-term lease.
Separately, the state of Georgia agreed in September to provide NCR a grant of $5.6 million to help induce the expansion that includes the second building.
The NCR headquarters move adds to a burgeoning technology scene in Midtown Atlanta. Jobs at the complex are expected to pay about $82,000 annually on average.
An NCR spokesman did not immediately return a message seeking comment.
The AJC previously reported that the company was attempting to reach an incentive threshold for a “mega” project designation that could super-size tax credits to an even higher value, but it would appear from Invest Atlanta documents that will not be the case.
Founded in 1884 as National Cash Register in Dayton, Ohio, NCR moved to Gwinnett in 2009, lured then by about $109 million in state and local incentives.
Also on Thursday, Invest Atlanta's board will consider approval of a $550,000 city Economic Opportunity Fund grant to Honeywell for the company's planned technology center and headquarters for its largest division in Midtown. The Honeywell jobs are expected to pay more than $100,000 annually on average.
Honeywell plans to create about 800 jobs as part of its expansion. The state previously announced it would provide a $1.5 million grant as part of an incentive package Honeywell officials said is valued at about $12 million.