Caterpillar Leaves Illinois After Decades to Relocate to Texas – Here’s What It Means for the State
Caterpillar Leaves Illinois After Decades to Relocate to Texas – Here’s What It Means for the State
One of Illinois’ most iconic manufacturers, Caterpillar Inc, will leave for Texas. In a June 14, 2022 press release, it announced that it will move its global headquarters from Deerfield, Illinois to Irving, Texas starting this year. Still, Illinois remains to have the largest concentration of Caterpillar employees anywhere in the world.
I will help you learn everything you need to know about Caterpillar moving its HQ out of Illinois. From the basics of the Caterpillar company and its history to the ways it will continue to bolster the Illinois economy. This video will help you make informed decisions.
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Here are the things you should know about Caterpillar moving to Irving, Texas:
⏱️Chapters⏱️
00:00 Intro Caterpillar Leaves Illinois After Decades to Relocate to Texas
00:28 The History of Caterpillar
01:47 Redevelopment Process
05:50 Benefits of Bronzeville Lakefront to Chicago
Today I will discuss Caterpillar’s shocking decision to move its global headquarters from Deerfield, Illinois to Irving, Texas starting this year.
As Caterpillar grew strength to strength year by year, it also became a pride of the Illinois manufacturing industry. So the migration toward Texas is a blow to the Illinois business community.
Caterpillar CEO Jim Umpleby said that they are moving to Irving, Texas, in the best strategic interest of the company. They want to have profitable growth as they help their customers build a better, more sustainable world.
Caterpillar leaving its Deerfield HQ for Irving, Texas is unfortunate. But it’s not the end of the line. The global manufacturing conglomerate reiterates its commitment to supporting Illinois people and the economy in the communities here. And it’s also an opportunity for Illinois lawmakers to start creating a more business-friendly environment to compete with states like Texas.
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