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Caterpillar is leaving its longtime home of Illinois for Texas. The world's largest construction equipment maker announced today it was in its best business interest to move from Deerfield to Irving, in the Dallas-Fort Worth Metroplex.
CEO Jim Umpleby says the move will also help customers build a better, more sustainable world. Caterpillar has been in Illinois since 1910. The North Texas move should start this year.
"Caterpillar's global headquarters relocation is a major win for the people of North Texas and the entire state, now making Texas home to 54 Fortune 500 corporate headquarters. I am proud to welcome Caterpillar's headquarters to Texas and am excited for the economic opportunities this will create for Texans," said Governor Greg Abbott. "Businesses of all sizes and people from all backgrounds can grow and succeed in the Lone Star State because we champion a world-class economic environment fueled by the lowest business operating costs in the nation, a reasonable regulatory environment, and a lower cost of living coupled with an exceptional quality of life. Caterpillar's relocation to Irving is a testament to the boundless opportunity Texas has to offer, and I look forward to working alongside this global leader as we keep the American Dream a reality for every Texan."