K-Mart Relocation Update

Georgia may have to dig between the sofa cushions for change if it wants to win Kmart from its home state of Michigan.

The Georgia economic incentive package is about $28 million short of what Michigan is offering to keep the headquarters of the country’s thirdlargest retailer, according to state documents.
Georgia is promising Kmart about $17 million in incentives to lure its headquarters and about 1,900 jobs here, according to the documents. The incentives include tax breaks, job training and grant money. Michigan officials have crafted a $45 million package to keep the company in Michigan.

More here.