DEERFIELD, Ill. (AP) — Construction equipment manufacturer Caterpillar said Tuesday it is packing up its headquarters from its longtime home state of Illinois and moving to Texas.
The company had been based in Peoria, Illinois, for over 90 years before announcing a move to Deerfield in 2017. At the time, it touted Deerfield as meeting its goal of being more accessible to its global customers, dealers and employees.
A handful of technology companies have also recently shifted their headquarters from California’s Silicon Valley to Texas. Tesla and Oracle have moved to Austin, while Hewlett-Packard Packard Enterprises is now in Spring, Texas, outside Houston.
Gov. Greg Abbott tweeted that Texas is a “perfect fit” for Caterpillar, despite not quite getting the company’s name spelled correctly. “We are proud that Catapillar now calls Texas home,” he wrote.
source: Houston Chronicle