Caterpillar considering move from Illinois

March 28, 2011

Last month we told you the story of three companies that were moving – or seriously considering it – because recent tax increases were making it too expensive to do business. In another such example, the Chairman and CEO of Caterpillar Inc., Doug Oberhelman, sent a letter to Illinois Governor Pat Quinn informing him he has been approached by other states about relocating in the wake of Illinois raising its income tax rate. Oberhelman says he is considering the offers.

Pantagraph, a central Illinois paper, reports:

“I want to stay here. But as the leader of this business, I have to do what’s right for Caterpillar when making decisions about where to invest,” Oberhelman wrote in the letter obtained Friday by the Lee Enterprises Springfield bureau. “The direction that this state is headed in is not favorable to business and I’d like to work with you to change that.”

Oberhelman said he’s being actively courted to move.

“I have been called, ‘cornered’ in meetings and ‘wined and dined’ — the heat is on,” Oberhelman wrote. “Before, I never really considered living anywhere else and certainly never considered the possibility of Caterpillar relocating. But I have to admit, the policymakers in Springfield seem to make it harder by the day.”

Cat spokesman Jim Dugan said the letter was designed to show Quinn that Oberhelman wants to be involved in finding solutions that benefit the company, which employs 23,000 people in Illinois.

 

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9 Responses to Caterpillar considering move from Illinois

  1. Roanld Hamlin says:

    Renown corruption for years (how many high ranking politcians have been indicted, convicted or served time in prison from Illinois), high taxes, Union strong holds on politicians….and now a President of the US that hates business and hails from one of the most “liberal states” in the nation – Illinois!

    I say “chuck these losers” and bring Caterpiller down here to Texas where we LOVE BIG BUSINESS and like having plenty of jobs! NO state income taxes, reduced real etsate taxes for new business transplants, good old “conservative ways of thinkninhg and living”….and a Right to Work State.

    What’s better fit for CAT than a state like Texas!

  2. Roanld Hamlin says:

    Renown corruption for years (how many high ranking politcians have been indicted, convicted or served time in prison from Illinois), high taxes, Union strong holds on politicians….and now a President of the US that hates business and hails from one of the most “liberal states” in the nation – Illinois!

    I say “chuck these losers” and bring Caterpiller down here to Texas where we LOVE BIG BUSINESS and like having plenty of jobs! NO state income taxes, reduced real etsate taxes for new business transplants, good old “conservative ways of thinkninhg and living”….and a Right to Work State.

    What’s better fit for CAT than a state like Texas!

  3. Roanld Hamlin says:

    Renown corruption for years (how many high ranking politcians have been indicted, convicted or served time in prison from Illinois), high taxes, Union strong holds on politicians….and now a President of the US that hates business and hails from one of the most “liberal states” in the nation – Illinois!

    I say “chuck these losers” and bring Caterpiller down here to Texas where we LOVE BIG BUSINESS and like having plenty of jobs! NO state income taxes, reduced real etsate taxes for new business transplants, good old “conservative ways of thinkninhg and living”….and a Right to Work State.

    What’s better fit for CAT than a state like Texas!

  4. dwainscott says:

    Hire an economist (female), and an accountant. Men get out of your own way and let the work begin in true budget cuts, nothing off the table.

    Let us show you how its done, we not only have the experience, but we’ve been doing it for years.

  5. dwainscott says:

    Hire an economist (female), and an accountant. Men get out of your own way and let the work begin in true budget cuts, nothing off the table.

    Let us show you how its done, we not only have the experience, but we’ve been doing it for years.

  6. dwainscott says:

    Hire an economist (female), and an accountant. Men get out of your own way and let the work begin in true budget cuts, nothing off the table.

    Let us show you how its done, we not only have the experience, but we’ve been doing it for years.

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