WIUM Tristates Public Radio

Caterpillar

Report says High Speed Rail will Boost IL Businesses

Feb 26, 2013
gridchicago.com

A Midwest environmental group says high speed rail would be good for the region  both economically and environmentally.

It’s easy to criticize Wal-Mart for selling outsourced merchandise made overseas, some of it by virtual slaves or kids. But as Flag Day’s marked today, it’s worth noting that some corporations, such as Peoria-based Caterpillar, see outsourcing as inefficient or undesirable, and that we can individually make a difference.

Photo from the City of Galesburg's website

Caterpillar has ruled Illinois  out of plans  to relocate a factory and 1,400 jobs from  Japan.

The  Peoria-based  heavy-equipment maker cited both logistical  problems  and ongoing concerns about the state's business climate.

Caterpillar laid out its decision in an e-mail to leaders in Galesburg and in Peoria County.   Those were among fewer than a dozen Illinois locations trying  to win the new plant.