Construction and mining equipment giant will join the other “Big Dogs” Oracle, Tesla, Hewlett Packard Enterprises in Texas.
Caterpillar is leaving Deerfield, Illinois and will relocate its global headquarters to Irving, Texas.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” Caterpillar chairman and CEO Jim Umpleby said in a statement.
The construction giant Caterpillar, which has more than 107,000 employees world wide. It already had a presence in Texas since the 1960s across several areas of the company. However, Illinois remains the biggest concentration of Caterpillar employees anywhere in the world.
A Caterpillar spokesperson told FOX Business it expects the majority of its roughly 230 employees at its Deerfield headquarters to make the move to Irving, Texas.
“Texas widened its lead as the #1 state in America for Fortune 500 company headquarters,” Texas Gov. Greg Abbott tweeted. “We are proud that Caterpillar now calls Texas home. We are a perfect fit for this international brand.”
Today, Texas widened its lead as the #1 state in America for Fortune 500 company headquarters.
We are proud that Catapillar now calls Texas home.
We are a perfect fit for this international brand. https://t.co/qrK06SnWrR
— Greg Abbott (@GregAbbott_TX) June 14, 2022
Along with Caterpillar’s departure, Boeing had also announced that it would move its global headquarters from Chicago to Arlington, Virginia.
It seems that people & companies are getting fed up with the “Blue State” rhetoric, and are moving to “Red States” with like minded people & businesses.