The Briefing Room
State Chapters => Illinois => Topic started by: mystery-ak on June 14, 2022, 09:33:44 pm
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J.B. Pritzker Loses Another Illinois Company: Caterpillar Moves to Texas
Joel B. Pollak 14 Jun 2022
Illinois Gov. J.B. Pritzer (D) is trying to put a brave face on the departure of another major Illinois company to a Republican-run state, as construction vehicle company Caterpillar announced Tuesday it is moving its corporate headquarters to Texas.
The Wall Street Journal reported:
The 97-year-old company was based in Peoria, Ill., for decades before shifting its headquarters in 2018 to Deerfield, Ill., a Chicago suburb. Caterpillar said it would begin moving its headquarters to Texas this year.
The move is expected to affect the roughly 230 corporate employees at the company’s headquarters, Caterpillar said, a fraction of its total workforce of nearly 108,000. It is a setback for Chicago and Illinois leaders’ efforts to bring more companies to the city and surrounding area, which has drawn the headquarters of Conagra Brands Inc., Archer Daniels MidlandCo. and other companies in recent years.
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Texas Gov. Greg Abbott, a Republican, has touted his state’s low taxes and looser approach to business regulation, and Texas lawmakers have offered financial measures to lure employers from the coasts. Illinois has an individual income tax of 4.95%, while Texas doesn’t have a state income tax.
In a statement, Pritzker protested the move, citing what he claimed were positive economic statistics about Illinois, such as that its “GDP growth is outpacing its pre-pandemic rate.”
more
https://www.breitbart.com/economy/2022/06/14/j-b-pritzker-loses-another-illinois-company-caterpillar-moves-to-texas/
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Jelly Belly Prickster questioned the move asking, "Was it something We Taxed?"
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Jelly Belly Prickster questioned the move asking, "Was it something We Taxed?"
Yep, he found out Caterpillar did not make enough Electric Earth Movers to suit him
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So far the huge manufacturing plant here in Decatur hasn't been closed... :crossed:
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Yep, he found out Caterpillar did not make enough Electric Earth Movers to suit him
Hit the nail on the head. CAT likely saw this as a slap by Prickster giving economic advantages to a competitor.
Guy looks like he could be a slug on the Sopranos.
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Hit the nail on the head. CAT likely saw this as a slap by Prickster giving economic advantages to a competitor.
Guy looks like he could be a slug on the Sopranos.
Yeah, one of those guys in a movie that makes you smile when he gets his in the end