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* MarketWatch…
Caterpillar Inc. said Tuesday it will move its global headquarters from Illinois to an existing divisional office in Irving, Texas, in the Dallas–Forth Worth area, in another blow to metropolitan Chicago, which last month lost the Boeing Co. headquarters.
The move is “in the best strategic interest of the company,” Chief Executive Jim Umpleby said in a statement. The heavy-machinery maker has had a presence in Texas since the 1960s, it said.
Even with the move, Illinois has the largest concentration of Caterpillar employees anywhere in the world, the company said. The headquarters was historically in downstate Peoria, Ill., before a move to the Chicago suburb of Deerfield in 2017.
Boeing in May said it was moving its global headquarters to Arlington, Va., outside Washington, D.C., promising to keep a “significant presence” in Chicago, where it moved in 2001 from Seattle.
Caterpillar said it would begin the relocation this year, without proving further details.
* Bloomberg…
“It’s disappointing to see Caterpillar move their 240 headquarters employees out of Deerfield over the next several years when so many companies are coming in,” Governor Pritzker said in an emailed statement. “We will continue to support the 17,400 Illinoisans who work for the company.” […]
The transition comes five years after Caterpillar shifted its headquarters within Illinois from its long-time foothold in Peoria to Deerfield outside of Chicago, a move at the time that rattled citizens of the town in which it had built a global empire for more than 100 years. Caterpillar a month ago hosted its first investor day since 2019 in Dallas, introducing a new buyback plan. Chief Executive Jim Umpleby at the time in an interview dismissed recession worries, citing robust growth.
The 2017 move from Peoria came as the company looked to bolster its push in foreign markets. At the time it also officially scrapped a plan to build a new complex in its hometown.
*** UPDATE 1 *** ILGOP Chairman Don Tracy…
“Another week, another iconic American company is moving its headquarters out of Illinois under the leadership of Governor JB Pritzker. Just like the hundreds of thousands of individuals and families who have fled Illinois in recent years, Caterpillar is joining Boeing in leaving us for other states with lower taxes, more growth opportunity, and less crime. We must elect a new Governor and turn Illinois into the economic powerhouse it will never be under the control of JB Pritzker and Democrats in Springfield.”
*** UPDATE 2 *** Leader Durkin…
House Republican Leader Jim Durkin (R-Western Springs) offered the following response to Caterpillar Inc.’s announcement Tuesday that the long-time Illinois company would move its headquarters to Texas.
“Caterpillar’s decision to leave Illinois after calling it home for many decades is a devastating loss to Illinois’ business community. The reasons for this decision could not have been more clear – Illinois’ business climate no longer works for this company. Governor J.B. Pritzker has failed to bolster our state’s economy for job-creators, and companies like CAT leaving is the consequence.”
*** UPDATE 3 *** IMA…
The Illinois Manufacturers’ Association (IMA) released the following statement regarding Caterpillar’s announcement that it will move its company headquarters out of Illinois:
“Caterpillar is and will remain a vital and important economic and philanthropic leader in Illinois. The decision to move its company headquarters out of state is a loss to Illinois, which has proudly served as home to the iconic construction equipment manufacturer for nearly a century. While 240 employees based at the company’s headquarters in Deerfield will move out of state, the company will continue to be a huge part of our state’s manufacturing sector, retaining 17,400 jobs in Illinois, and adding more every day,” said Mark Denzler, president & CEO of the Illinois Manufacturers’ Association. “We remain committed to partnering with our government leaders to ensure we keep those manufacturing jobs and put in place policies to attract and grow additional employment opportunities for communities across our state.”
posted by Rich Miller
Tuesday, Jun 14, 22 @ 12:40 pm
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Irving TX vs Deerfield ,Easy choice . When the Pritzker family sold Marmon , that HQleft as well .
Comment by J R EWING Tuesday, Jun 14, 22 @ 12:54 pm
JB- please name a single S&P 50 company relocating to Illinois?
Comment by Sue Tuesday, Jun 14, 22 @ 12:54 pm
Caterpillar must be run by a team of carnival barkers
Comment by Lucky Pierre Tuesday, Jun 14, 22 @ 12:59 pm
Illinois has a problem. And until the state’s business climate is addressed, this will continue to happen.
Comment by Farm boy Tuesday, Jun 14, 22 @ 1:05 pm
What about abortion?
Comment by Blue Dog Tuesday, Jun 14, 22 @ 1:10 pm
I guess they don’t realize that abortions aren’t readily available in Texas. How can they disregard women’s reproductive rights that way?
Comment by Captain Obvious Tuesday, Jun 14, 22 @ 1:13 pm
What a shame! Caperpillar has been in Illinois for over 100 years!
We really need to improve our business climate in Illinois. We can’t keep losing companies and jobs to other states. This will hurt JB and the dems this cycle.
Comment by 32nd Ward Tuesday, Jun 14, 22 @ 1:14 pm
=And until the state’s business climate is addressed, this will continue to happen.=
I’m not sure that the loss of 240 management positions is indicative of a problem particularly since we have no explanation of why they decided to move these jobs from Deerfield to Irving. But we do know that organizations often make these decisions based on the personal preferences of their executives. The same factors that motivated the move from Peoria to Deerfield could be prompting the move to Irving. And it may have nothing to do with whatever “problem” you’re associating with it.
Comment by Pundent Tuesday, Jun 14, 22 @ 1:16 pm
CAT, like Boeing, is another company that over the last 20+ years or so, profoundly lost its way.
A strong culture of ethics and engineering, gave way to anti-unionism and financialization - and resultant major business scandals.
Going to Texas is the latest corporate vogue for CEOs who want to go for a little short-term stock market razzle dazzle (and a more favorable tax treatment for their corporate executives on whose behalf, less so long-term shareholders, that many companies are being run these days.)
I sincerely hope that the Texas’ unstable energy grid, anti-democratic, anti-LGBTQ, anti-environment, anti-gun safety, misogynistic politics and climate crisis - badly hurts CAT’s efforts to retain and recruit quality employees.
That CAT and Boeing choose Texas just shows how badly degraded their corporate cultures remain.
Comment by Moe Berg Tuesday, Jun 14, 22 @ 1:16 pm
If you’re cheering the opportunity to push an agenda that abortion rights and women’s rights are frivolous compared to Cat moving to Texas, you’re not the voters that will be swayed by anything outside your predetermined thoughts.
It’s tough that Illinois is losing Cat as a HQ.
Being more like Texas is not how you’d keep Cat.
Comment by Oswego Willy Tuesday, Jun 14, 22 @ 1:21 pm
“in another blow to metropolitan Chicago”
Hey if someone who lives in San Francisco and writes clickbait drivel says so it must be true! Golly I hope the city of Chicago can manage to still exist in 5 years. I assume we’ll all be dead given that Chicago presumably won’t have a daddy republican running things in that timeframe.
Comment by Larry Bowa Jr. Tuesday, Jun 14, 22 @ 1:21 pm
It’s not like Cat had a deep history in Deerfield. It was always intended to be a stopgap location instead of leaving straight out of Peoria.
Remember, Umpleby is the first CEO who didn’t come up through the Cat ranks, he was acquired from a subsidiary and never particularly liked living in Peoria in the first place.
Comment by Tungsten Tuesday, Jun 14, 22 @ 1:22 pm
So The Lump had no history in Peoria. Deerfield’s is pretty blahs. So let’s try Texas where we can better control our women
Comment by Annonin' Tuesday, Jun 14, 22 @ 1:22 pm
What does it say when a company is shifting its “global headquarters” every five years?
Comment by granville Tuesday, Jun 14, 22 @ 1:27 pm
-Being more like Texas is not how you’d keep Cat.-
That right to work stuff, no state income tax, and loser pays legal fees in state court sure has some appeal to some.
Comment by Steve Tuesday, Jun 14, 22 @ 1:33 pm
=== That right to work stuff===
Illinois is a pro-union state.
We’re these union jobs?
Comment by Oswego Willy Tuesday, Jun 14, 22 @ 1:36 pm
-We’re these union jobs?-
I don’t know but I do know that some S&P 500 companies are looking to expand in right to work environments. Texas does have almost 100% most people than Illinois. A lot of companies down there.
Comment by Steve Tuesday, Jun 14, 22 @ 1:40 pm
=I don’t know but I do know that some S&P 500 companies are looking to expand in right to work environments.=
Spoiler alert. The 240 Cat employees working in Deerfield were all senior executives and managers.
Sometimes the reasons don’t fit the preconceived political narrative. But I’m sure it makes you feel better to point out the advantages TX holds - for company executives.
Comment by Pundent Tuesday, Jun 14, 22 @ 1:43 pm
Driving by the old Caterpillar plant on Route 6 in Joliet always reminds me of the jobs that were moved south of the Rio Grande. “Outsource and tax dodge” have been on the agenda for some time
Comment by The Many Saints of Will County Tuesday, Jun 14, 22 @ 1:43 pm
Welcome to Texas where there’s a weather catastrophe every three or four years, where they have laws to prevent you from finding out what chemicals are in you water, where money is pulled out of public schools in order to provide tax breaks to companies, and most of all, Welcome to Texas where sending your kids to school is a life or death gamble.
Comment by Lake County Mom Tuesday, Jun 14, 22 @ 1:48 pm
“to an existing divisional office” I don’t know, but seems like consolidating office space is pretty normal for any business, especially recently. How many of those jobs are/were/will be WFH? How many of those 240 are actually relocating?
Comment by Skeptic Tuesday, Jun 14, 22 @ 1:52 pm
And people are moving out of Illinois in droves …. How will the state ever recover from this devastating loss of 240 jobs?
Comment by filmmaker prof Tuesday, Jun 14, 22 @ 1:54 pm
Dallas is scheduled to run out of water in 13 years so I guess it’s good Cat doesn’t mind moving HQ frequently
in the meantime, execs can relax and enjoy the climate change, power grid, and general workforce education
Comment by cat in the 10 gallon hat Tuesday, Jun 14, 22 @ 1:56 pm
The Dallas-Fort Worth Metroplex ain’t a bad area for recruiting & retaining quality employees.
Being preferable for company executives matter for local economic health, indeed crucial to why large metros are generally fairing better than rural America.
Comment by Blake Tuesday, Jun 14, 22 @ 1:59 pm
Regarding general workforce education:
Bachelor’s+: Chicagoland 39%, DFW 36%
High School grad+: Chicagoland 89%, DFW 86%
Comment by Blake Tuesday, Jun 14, 22 @ 2:07 pm
The unspoken site selection criteria is where the CEO wants to live. Rich CEOs wanting to move to state with zero income tax and warmer weather is a reflection of rich CEOs rather than the business fundamentals of where they do and do not locate.
As for Boeing, the company moved few to no workers out of Illinois. The fact that a large company that subsists on a lot of defense contracts wants to set up shop next to the Pentagon is hardly a reflection the business climate.
Comment by Nuke The Whales Tuesday, Jun 14, 22 @ 2:10 pm
It’s interesting watching people on here trying to spin this as if this is not significant for Illinois. Anti-business policies have consequences. When you run a business, you more than likely do not make a decision about running your business based on a “social” movement or statement, such as abortion, gun rights, etc. You make decisions that best serve the survival and growth of the company. Why would they stay in a state that is so hostile towards businesses? Business owners are constantly targeted by the legislature and the governor. I bet those other jobs will follow the HQ jobs relatively soon…
Comment by skidmark Tuesday, Jun 14, 22 @ 2:26 pm
Someone tell Don Tracy that Illinois’ population grew and 17,000+ jobs are not moving to Texas.
And 240 management jobs are moving from Deerfield to Irving, TX because of crime? really? I used to live in Buffalo Grove down the road from Deerfield. It’s not a scary place riddled with crime. Do better dude.
Comment by Baloneymous Tuesday, Jun 14, 22 @ 2:29 pm
Deerfield crime, amirite?
Comment by Oswego Willy Tuesday, Jun 14, 22 @ 2:31 pm
CAT Mad Libs…
“We believe being in the _____________ market will give us the ability to attract new talent and provide additional career opportunities for our employees to aid in retention. The ____________ location provides global access to our employees, customers and dealers with close proximity to two major airports.”
Comment by Anon221 Tuesday, Jun 14, 22 @ 2:33 pm
===Rich CEOs wanting to move to state with zero income tax and warmer weather===
Yes, Dallas is warmer alright. They have a brutally hot spring, summer and autumn, and then maybe a mild winter. And when there is a chance of ice or snow everyone loses their minds, just like Atlanta. My dad lived in Dallas suburbs for almost 15 years. I love the Dallas-Ft. Worth area, but those people don’t know what they’re in for. But they can afford inground pools and multiple AC units.
Comment by Baloneymous Tuesday, Jun 14, 22 @ 2:36 pm
===Anti-business policies have consequences.===
So, pro-business is … “Right to Work” “Pre-1970 environmental laws / regulations” “Not requiring health insurance cover mammograms” ?? Thanks for straightening that out.
Comment by Anyone Remember Tuesday, Jun 14, 22 @ 2:42 pm
Um, Caterpillar still has a huge presence in the State of Illinois. This is but a fraction of their footprint in the state. Those of you with the vapors about their headquarters leaving are really a laugh.
Comment by Demoralized Tuesday, Jun 14, 22 @ 2:46 pm
As soon as the rolling blackouts take down the air conditioning in Texas, they’ll come crawling back, begging for a lake breeze and some nuclear and renewable reliability.
Comment by 47th Ward Tuesday, Jun 14, 22 @ 2:47 pm
Celebrating the exit of Caterpillar, hoping that it leads to some kind of political revolution, is the opposite of pro business. So is giving every reason you can think of for a business to move somewhere else. Say what you will about JB, but at least he doesn’t hate Illinois.
Comment by AC Tuesday, Jun 14, 22 @ 2:53 pm
==”Just like the hundreds of thousands of individuals and families who have fled Illinois in recent years, . . .” ILGOP Chair Tracy==
Yup, just what the census shows, Mr. Tracy. The ILGOP — data-driven as always.
Comment by Flapdoodle Tuesday, Jun 14, 22 @ 2:54 pm
no state income tax, huge win for the employees who wish to stay with the company.
Comment by MaddyMoon Tuesday, Jun 14, 22 @ 2:54 pm
So the 200 or so jobs that left Peoria 5 years ago are moving again. Guess what, they were hardly missed here. The CAT world headquarters that wasn’t built here is now the new headquarters for OSF, which is now (I believe) the largest employer in Peoria. New restaurants are opening nearby and life as we know it has continued and (sorry to say) the future looks bright.
Comment by Peoria Man Tuesday, Jun 14, 22 @ 2:54 pm
There will now be 240 houses for sale in the Deerfield and surrounding area. An area with already very high taxes. This pushes higher taxes on the remaining residents and pushes them to follow suit and move. A $500k house with a $14k annual tax bill, that means you are spending almost 3% of your homes value each year in taxes. The same priced home in Irving TX has a $3k annual tax bill. That means you don’t pay income taxes and save $11k annually in property taxes. This is real money, folks
Comment by Merica Tuesday, Jun 14, 22 @ 2:58 pm
Democrats constantly thumbing their nose at employers large and small in Illinois actually does have consequences
Comment by Lucky Pierre Tuesday, Jun 14, 22 @ 3:01 pm
=== There will now be 240 houses for sale in the Deerfield and surrounding area. An area with already very high taxes. This pushes higher taxes on the remaining residents and pushes them to follow suit and move.===
It’s a seller’s market
Ask around
Comment by Oswego Willy Tuesday, Jun 14, 22 @ 3:01 pm
Cat sells a lot of different products all across the planet. Doesn’t really matter where the head office is so there may be truth in it being a CEO personal choice. That’s indicative of a bad CEO.
Comment by Give Us Barabbas Tuesday, Jun 14, 22 @ 3:01 pm
==The same priced home in Irving TX has a $3k annual tax bill.==
No, it wouldn’t. Here’s an example in Irving, TX:
Asking price: $499,999
Annual tax amount: $11,037
https://www.zillow.com/homedetails/6631-Via-Positano-APT-203-Irving-TX-75039/2104588050_zpid/
Comment by AC Tuesday, Jun 14, 22 @ 3:03 pm
=Anti-business policies have consequences.=
Could someone point me to these “Ant-business policies? I mean are there laws on the books and policies that have been articulated that say they are anti-business? Please share with the class.
=There will now be 240 houses for sale in the Deerfield=
Probably not. A few here and there. Won’t impact the market. Some may still be rentals after only 5 years in deerfield.
Comment by JS Mill Tuesday, Jun 14, 22 @ 3:10 pm
Since CAT left in 2017, my property value has risen 30% (per Zillow), but my property taxes have decreased (a few bucks). So according to Mr. Tracey, I should thank CAT for leaving.
Comment by Peoria Man Tuesday, Jun 14, 22 @ 3:17 pm
AC - you read that listing wrong. you’re referencing the taxes plus a $720/mo HOA fee. that listing is a condo.
Comment by Merica Tuesday, Jun 14, 22 @ 3:20 pm
Are we really concerned about
A) Deerfield area homes going vacant
B) Corporate types looking for new oversized homes
This seems like a silly argument, given the likelihood of housing by these types are… above average size and price.
So, where’s the tragedy here?
Comment by Oswego Willy Tuesday, Jun 14, 22 @ 3:23 pm
=This seems like a silly argument, given the likelihood of housing by these types are… above average size and price.=
And with the state of hybrid/remote work these days the impact could be far less than the 240 or so working in Deerfield. Having your “headquarters” in any given area doesn’t mean what it did years ago particularly when execs are completely detached from the physical spaces where the work is actually done. To put things in perspective, a single Amazon distribution center can employ 4X the number of people.
Comment by Pundent Tuesday, Jun 14, 22 @ 3:41 pm
Whenever I do read the doomsayers, even when there is bad news like CAT leaving, and it’s not good news, my mind goes exactly to John Kass.
Kass? Why?
Well… Kass is one whom can’t get enough of “down-talking” Illinois, Chicago, one whom can’t see any future here…
… and yet… Kass… the “champion we don’t deserve”… he moved… TO Chicago.
See, the grifters wanna keep ya angry, want the angst to eat you alive, want that rage towards “the combine” or “radical Left” or “anti-business”… but Kass… he moves TO Chicago
So, after all the debunking of “The Exodus”, the talking down of Illinois, all that is bad about Chicago… y’all are still here as CAT, they moved… and Kass is still here too.
Comment by Oswego Willy Tuesday, Jun 14, 22 @ 3:44 pm
=The reasons for this decision could not have been more clear – Illinois’ business climate no longer works for this company.=
So even if they don’t say it Jim Durkin somehow “knows” why they’re moving corporate execs? What exactly is it about the “business climate” that Durkin would change to keep a couple hundred CAT execs here?
Comment by Pundent Tuesday, Jun 14, 22 @ 3:54 pm
Here’s a house in Dallas (6966 Aspen Creek Way, if you want to check Redfin), last sold for 350k and coming on the market at 550k, property taxes last year were $9,373.
I don’t know Texas got the reputation of having low property taxes. BECAUSE they don’t have a state income tax, it gets made up with property taxes. Roads don’t pave themselves, folks.
Comment by Tungsten Tuesday, Jun 14, 22 @ 3:55 pm
This is a terrible thing for Illinois. Bad perception, and the cost? I dont know, but there are experts at every level working for government and business groups who calculate these things. Taxes, hotels, etc. I would think that before they moved, someone local ran the numbers. Heck, Deerfield probably ran the numbers to attract them there to begin with.
Comment by 44 Tuesday, Jun 14, 22 @ 4:02 pm
=I would think that before they moved, someone local ran the numbers.=
On 240 employees some of which who may have not move? Is it a good thing that CAT is moving, probably not. Is it indicative of some larger problem or reflective of a bigger political narrative, probably not. We’re probably talking about a floor or two of leased office space. The off shoring of jobs from Peoria to other global manufacturing locations is far more impactful and noteworthy to local economic concerns.
Comment by Pundent Tuesday, Jun 14, 22 @ 4:16 pm
-Merica-
Prop tax rate 2.19% x 499,999= 10,950
HOA 720 per month
Use the down arrows.
Comment by Live Wire Tuesday, Jun 14, 22 @ 4:19 pm
6966 Aspen Creek Way, Dallas, the taxes are $5,900.00 per year. I don’t know why so many people don’t know how to read these figures. Maybe getting confused with HOA’s.
The HOA fees are not taxes. it’s a separate charge usually for landscaping and other services provided by the association. In Texas, many communities charge an HOA fee for community pools, gyms, tennis courts, fabulous amenities that are difficult to find. this listing even talks about the community pool and club house
Comment by Merica Tuesday, Jun 14, 22 @ 4:21 pm
In related news today: “165,000 people in west Texas could be without water for days amid heat wave after main breaks”
Comment by very old soil Tuesday, Jun 14, 22 @ 4:23 pm
If it’s just the CEO and top level execs who were in Deerfield moving to Texas that’s not so bad.
The bigger issue for Illinois is if Caterpillar starts moving the lower rung folks from Peoria area to Texas.
A part of me wonders if this 5-year-stop in Deerfield was a part of the plan all along and they somehow decided it was better for company morale if they were not moving straight from Peoria to Texas. Or if the company didn’t want to do this on Rauner’s watch 5 years ago so they just went to the suburbs then but now they see it as inevitable Pritzker will get re-elected so they’re bailing?
Until Caterpillar says the specific reason for the move we can only speculate.
Comment by hisgirlfriday Tuesday, Jun 14, 22 @ 4:26 pm
As expected, the best the ILGOP can come up with are moldy, stale talking points. It’s almost like they already figured out they’re going to lose in November so why even bother to put any real thinking into the matter.
Comment by Cheswick Tuesday, Jun 14, 22 @ 4:27 pm
240 is one downtown lawyer office. They could also be using this as an opportunity to pare down the corporate office staff. I’m not saying that every executive will stay in Deerfield, but not everyone will want to go to Texas.
Comment by Pacer Stacktrain Tuesday, Jun 14, 22 @ 4:38 pm
Honestly this has been coming a long time
Them moving it from Peoria to Chicago should have always been seen as a bad sign. Once a firm becomes willing to separate management from engineering/manufacturing there was nothing really ‘keeping’ them here.
Comment by Nick Tuesday, Jun 14, 22 @ 4:41 pm
In 2002, Caterpillar had 24,000 employees in Illinois. Looks like a 25 percent reduction in 20 years. 240 is about 1.5 percent of the Illinois workforce. So the movement of jobs out of Illinois continues.
Comment by Al Tuesday, Jun 14, 22 @ 6:01 pm
==JB- please name a single S&P 50 company relocating to Illinois?==
So how about John Deere moving a portion of their new and high tech jobs to the city a year or so ago. Drive over to Research Park in Urbana and look at all the companies on the signs out front.
And then remember all the ones you don’t know who they are and will be major companies in 10 years or so.
Comment by Cool Papa Bell Tuesday, Jun 14, 22 @ 6:14 pm
On a positive note, the spelunker business is booming.
Comment by Pundent Tuesday, Jun 14, 22 @ 6:22 pm
This native Peorian spent all his outrage when Caterpillar pulled its HQ from Peoria. Enjoy Irving, Jim, and wherever your wanderlust takes you next. You’ll find that greener grass some day.
Comment by Independent Tuesday, Jun 14, 22 @ 6:32 pm
-See, the grifters wanna keep ya angry-
One of the most frequent commentators on this website seems angry a lot about something or someone.
Comment by Steve Tuesday, Jun 14, 22 @ 6:33 pm
Disappointing - Not much more to be said. Obviously the Texas economy is booming while Illinois is pretty stagnant.
Comment by Chicagonk Tuesday, Jun 14, 22 @ 6:34 pm
=== seems angry a lot about something or someone.===
Oh - Steve -, lol
Reading so much phony and ridiculously dishonest takes done purposely, that should make one angry.
*Others* that seemingly can’t grasp that right to work and pension theft ain’t happening here but they still type it, like here I see in this post, I just giggle at that stuff.
:)
Comment by Oswego Willy Tuesday, Jun 14, 22 @ 6:38 pm
=Obviously the Texas economy is booming while Illinois is pretty stagnant.=
Based on 240 exec jobs leaving? I guessed you missed the update from the IMA on the 17K (and adding every day) jobs CAT has in Illinois.
The GOP only sees grievance and misery. Our last governor said we had an auto plant that we couldn’t give away and that plant now employs more people than the prior tenant did in it’s best year. Should we be celebrating any loss of jobs? Of course not. But wandering executives who decide that another state may be more to their personal liking is hardly a reason to proclaim the sky is falling or fallen.
Comment by Pundent Tuesday, Jun 14, 22 @ 7:06 pm
Times like these I remember that we’re owed a federal investigation into Caterpillar’s “lobbying” practices.
Comment by Candy Dogood Tuesday, Jun 14, 22 @ 7:10 pm
How about we focus some anger on the leadership of Cat? How many $1000’s in tax breaks have they been given? How many times has cat leadership attacked pensions? Hate to see any jobs go, but will hold the door open for carpet bagger leadership of Cat.
Comment by Tired Teacher Tuesday, Jun 14, 22 @ 7:29 pm
===How about we focus some anger on the leadership of Cat?===
IMA knows the score, nothing to be angered by, insofar as a bunch of suits heading south?
Comment by Oswego Willy Tuesday, Jun 14, 22 @ 7:56 pm
Merica–I don’t know why you think the HOA includes the taxes on that property in Irving, but it doesn’t. I took the liberty of actually looking it up with their local assessor. The taxes are just a hair under $10,000 a year. See here: https://bit.ly/3OdBXKl
Comment by Benjamin Tuesday, Jun 14, 22 @ 7:57 pm
I’m still waiting for Jesse Sullivan to move the headquarters of his business from California to Illinois.
As far as CAT goes, God bless, goodbye. There’s plenty of other companies that have expanded in Illinois. Ferrero announced yesterday they’re creating 200 jobs in Bloomington to make the Kinder Bueno snack. Here are other companies that have expanded or moved to Illinois under Gov. Pritzker. https://quadcitiesbusiness.com/illinois-3rd-chicago-tops-in-corporate-expansion-relocation/
Comment by Fivegreenleaves Tuesday, Jun 14, 22 @ 8:03 pm
Brilliant decision. Let’s move all of 240 people to a state where a whole town doesn’t have water. What could go wrong?
Comment by West Side the Best Side Tuesday, Jun 14, 22 @ 9:33 pm
You people are in laughable denial. CAT has been increasing their manufacturing in AK and TX since the Peoria move. Of course the executives aren’t stating the obvious reasons for the moves. That’s bad business.
Comment by What's the point? Tuesday, Jun 14, 22 @ 10:56 pm
AR*
Not Alaska. But with how hot it is, I’d be open to opening a plant there for the sake of the workers as of 6/14/22 100+ temps here.
Comment by What's the point? Tuesday, Jun 14, 22 @ 10:59 pm
Over the last decade, St Louis has done much worse than Chicago when it comes to corporate headquarters …
https://www.stltoday.com/business/local/so-long-st-louis-company-headquarters-that-have-moved-out/collection_eace896a-9768-58d4-90ac-21a8a869b810.html#37
Comment by Anyone Remember Tuesday, Jun 14, 22 @ 11:45 pm
Good point Anyone Remember.
The same can be said about Harare, Zimbabwe.
We’re talking about CAT leaving IL.
Comment by What's the point? Tuesday, Jun 14, 22 @ 11:51 pm
= We’re talking about CAT leaving IL=
More like spitballing. You have no idea what your so called “obvious” reasons are. You’re simply projecting. But since you claim to know such things, what’s the obvious reason for CAT keeping 17K+ jobs in such a lousy state?
Comment by Pundent Wednesday, Jun 15, 22 @ 12:04 am
Keep playing dumb. As stated, this has been going on for years.
https://www.arkansasonline.com/news/2018/jul/06/caterpillar-to-add-250-nlr-workers-2018/
Comment by What's the point? Wednesday, Jun 15, 22 @ 12:30 am
They’ll bleed the jobs out. Like Boeing did. Boeing had to play nice, almost all their business is government. CAT is free market/government mix. Those good-paying-jobs are leaving union states.
Comment by What's the point? Wednesday, Jun 15, 22 @ 12:43 am
I’d bet my life ‘Pundent’ is a IL state employee who has never worked in the private sector beyond fast food. Did you graduate high school in this state? It’s spelled “Pundit.”
Comment by What's the point? Wednesday, Jun 15, 22 @ 12:56 am
===I’d bet my life ‘Pundent’ is a IL state employee who has never worked in the private sector beyond fast food. Did you graduate high school in this state?===
Yet another in-law uncle.
Maybe you’re tattling on yourself, your name “Wats the point” kinda explains your useless comments?
===You people===
Where’s the favorite aunt when we need her?
I guess the IMA response is wrong too?
Comment by Oswego Willy Wednesday, Jun 15, 22 @ 5:53 am
=I’d bet my life ‘Pundent’ is a IL state employee=
No, I’ve never worked for the state, or fast food for that matter. Is that supposed to be some sort of insult?
A simply, “no, I have no idea why Caterpillar continues to employ over 17,000 people in this state” would have sufficed.
Comment by Pundent Wednesday, Jun 15, 22 @ 8:36 am
Blake, metro Chicago’s 8% larger applicant pool among bachelor’s degree holders is significant but the primary issue, which will become very clear to management, is the much lower quality of the education behind the degrees.
Comment by cat in the 10 gallon hat Wednesday, Jun 15, 22 @ 9:56 am