(The Center Square) – Add Illinois-based heavy machinery manufacturer Caterpillar to the list of employers that are sending their corporate headquarters out of state.
Caterpillar will soon have its headquarters in Texas rather than the Land of Lincoln. It's the second major employer moving out of the state in a month. Boeing announced in May it was relocating its headquarters from Chicago to Arlington, Virginia.
Tuesday, Caterpillar’s CEO Jim Umpleby said the planned move by the end of the year from Deerfield to Texas is “the best strategic interest of the company.”
Caterpillar’s move will impact about 230 executive-level jobs.
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