The biggest loser in this game of corporate hop-scotch is Peoria, Caterpillar's hometown for roughly a century.
Prior to moving the C-suite up to Deerfield just 5 short years ago, the company was actually planning to build a very expensive and fancy new HQ building in Peoria, which would have represented a sizeable investment in, and solid commitment to, the small downstate IL city. But then they flipped the script at the last moment and decided to abandon those plans and instead moved around 200 employees (top-level execs + support staff) up to a random and anonymous suburban office park in Deerfield, IL.
And now another decision to move down to another random suburban office park in Texas.
Here's what could have been in Peoria, a city that
really could have used a shot in the arm like this:
Source:
https://www.mining.com/caterpillar-w...uarters-33807/
Oh well.