NCR stands for National Cash Register.

When NCR Corporation relocates its headquarters from Dayton, Ohio, to Duluth, Georgia, it won’t just bring jobs, it’ll bring cash.

That’s because NCR Corporation is in the ATM manufacturing business. According to NBC News:

NCR Corporation will locate a new global self-service innovation headquarters in Duluth and a manufacturing site for the company’s next generation NCR SelfServ ATM family in Columbus.

Georgia’s economy

There are 15 Fortune 500 companies and 26 Fortune 1000 companies with headquarters in Georgia, including such names as Home Depot, UPS, Coca Cola, Delta Air Lines, AFLAC, Southern Company, and SunTrust Banks. Georgia has over 1,700 internationally headquartered facilities representing 43 countries, employing more than 112,000 Georgians with an estimated capital investment of $22.7 billion, Wikipedia says.

Georgia’s unemployment rate currently is 9.1 percent. That’s higher than the national unemployment rate, 8.6 percent. While Georgia hasn’t hit double-digit unemployment rates like states such as Oregon and Michigan, it is slowly creeping in that direction. Many unemployed workers get behind on bills and end up needing credit repair. Luckily, there are experts to help.

NBC says that at a news conference today in Georgia NCR Corporation will announce its plans to relocate, and “Gov. Sonny Perdue will be on hand to welcome the company to Georgia.” That’s a sure sign that the state is eager and pleased to accept NCR Corporation into its economy.

How many jobs?

Georgia’s NBC affiliate news station says the NCR Corporation move will bring 1,250 new jobs to Duluth and 870 new jobs to Columbus.

Last year the company brought 916 jobs to Peachtree City in support for its worldwide customer services business.

More on NCR Corporation

NCR Corporation started out as a cash register manufacturing company way back in 1884. The company manufactured and sold the first mechanical cash register.

NCR Corporation continued in the cash register business and during World War I expanded to manufacturing shell fuses and aircraft instrumentation. During World War II, it  built aero-engines, bomb sights and code-breaking machines, according to Wikipedia.

Transition to high techonogy

NCR Corporation stayed with or ahead of the curve on the technology front, and in 1952 it acquired Computer Research Corporation. According to Wikipedia:

In 1956, NCR introduced its first electronic device, the Class 29 Post-Tronic, a bank machine using magnetic stripe technology. With GE the company manufactured its first transistor-based computer in 1957.

NCR made its first ATM in 1970, and it’s been making them ever since. NCR Corporation holds about a third of the ATM market. This will only widen the broad industry base already present in Georgia.

Food is also a major industry in Georgia, with widespread farms producing peanuts, corn, and soybeans across middle and south Georgia. The state is the number one producer of pecans in the world, with the region around Albany in southwest Georgia being the center of Georgia’s pecan production. Gainesville in northeast Georgia touts itself as the Poultry Capital of the World.

Industry in Georgia is quite diverse. Major products in the mineral and timber industry include a variety of pines, clays, stones, and sands.