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Caterpillar will stay

Posted by wlpo on October 21, 2012

Caterpillar’s CEO has again criticized Illinois’ political leaders and what he calls the state’s uncompetitive business environment. But Doug Oberhelman says the heavy equipment maker will keep its headquarters in Peoria. Last year, Oberhelman pressed Democratic Governor Pat Quinn to improve the state’s economy and noted that the company had out-of-state suitors. Though he said later he was not threatening to leave Illinois, the remarks set off alarms. On Thursday evening, Oberhelman told the Economic Club of Chicago that the company is staying in Peoria.

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