Gov. Announces PulteGroup Moving Headquarters to Georgia

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Gov. Nathan Deal announced today that PulteGroup will
relocate its corporate headquarters to Atlanta from Michigan. The company’s
move entails the creation of 310 high-paying new jobs and an investment of $10

“Georgia is a natural headquarters for homebuilders such as
PulteGroup,” said Deal. “Pulte will not only be able to quickly build its
growth markets from a strategic central location, it will also thrive in a
dynamic business environment powered by the fourth-largest population growth in
the country.”

PulteGroup, Inc., operates the brands Pulte Homes, Centex
Homes and Del Webb. It is one of the nation’s leading homebuilding companies
and No. 501 on the Fortune 1,000 list. The company is a developer and homebuilder
of communities in 28 states across the country, and is moving its corporate
operations in response to a multiyear trend of increasing investments outside
of its Michigan and related Midwest markets.

“I am pleased to welcome PulteGroup, a Fortune 500
company and one of America's largest homebuilding companies, to the City of
Atlanta,” said Mayor Kasim Reed. “This corporate relocation, which is
rare for a Fortune 500 company, will bring more than 300 jobs to the city and
solidify our strength as a great city for business, from major global and
national corporations to entrepreneurial start-ups. Creating jobs and fostering
economic development has been a top priority of my administration, and I look
forward to working with Richard J. Dugas, Jr., PulteGroup Chairman, President
and CEO and his team, as the company and its employees transition to the new
corporate headquarters in Atlanta.”

The company’s new corporate headquarters will encompass
100,000 square feet of Class A office space in Buckhead. The relocation will
take place in 2014. PulteGroup’s management team has been offered the services
of Georgia Quick Start, the nation’s top-ranked customized workforce
development training program.

Founded in Michigan in 1950 by William J. Pulte, PulteGroup
employs approximately 3,400 individuals across 28 states. PulteGroup employs
approximately 380 individuals in the state of Michigan, of which 54 work in its
local homebuilding operations and are unaffected by the move. When fully
staffed, the company expects up to 350 employees at its corporate offices in

In 2000, approximately 72 percent of the company's business
investments were located outside of its Michigan and related Midwest markets.
The re-weighting of its portfolio to the south and west has continued, as the
company's investments outside of its Michigan and Midwest markets increased to
92 percent in 2012.

The Georgia Department of Economic Development partnered
with the Metro Atlanta Chamber and Invest Atlanta, the economic development arm
of the City of Atlanta on the location. Lauren Salas Lambiase was the project
manager on the state’s behalf.

“Atlanta continues to be a top destination for
corporate headquarters, with the third-highest concentration of Fortune 500
companies in the U.S. and a low cost of doing business that sets us
apart,” said Hans Gant, Senior Vice President, Economic Development, Metro
Atlanta Chamber. “Atlanta is the center of the fast-growing Southeast and
homebuilding is critical to offering the robust quality of life that makes
Atlanta an exceptional choice for companies and their employees.”

“We believe PulteGroup’s move to Georgia will bring the
company the kind of growth that will place it firmly among our existing Fortune
500 firms in the years to come,” said Chris Cummiskey, commissioner of the
Georgia Department of Economic Development. “We welcome Pulte to our corporate
community and look forward to supporting its long-term success in our state.”


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