A company that makes ballistic protection equipment has picked a city in Florida for its new headquarters, eliminating Charleston and other Southeast sites that had been vying for the $2 million investment, according to a news report.

Defenshield told the St. Augustine Record on Friday that it's moving its corporate offices to St. Augustine on Friday. The headquarters will employ up to 20 workers. The capital investment was estimated at $2 million by the St. Johns County Chamber of Commerce, which said it's been in talks with Defenshield for more than a year, according to the report.

The company describes itself as a manufacturer of "bullet, blast and fragment resistant equipment for the government, military, law enforcement and the private sector for anti-terror, force protection and physical security requirements."

Defenshield is based in East Syracuse, N.Y., and it has an office in Washington, D.C. Other Southeast cities the firm said it considered for its new home included Charleston, Wilmington, Savannah and Jacksonville, according to the report.

Among other reasons, Defenshield said it is moving because of high taxes in New York.