The construction equipment manufacturer Caterpillar are packing up and moving to Texas, after spending over 90 years being based in Illinois.
It’s the latest major corporation to ditch the Chicago area after Boeing Co. said last month that it was moving its headquarters to the Washington, D.C., area.
A handful of technology companies have also recently shifted their headquarters from California’s Silicon Valley to Texas. Tesla and Oracle have moved to Austin, while Hewlett-Packard Packard Enterprises is now in Spring, Texas, outside Houston. Texas Gov. Greg Abbott tweeted that Texas is a “perfect fit” for Caterpillar, despite not quite getting the company’s name spelled correctly. “We are proud that Catapillar now calls Texas home,” he wrote.
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