Peoria County Board Chairman Statement on Caterpillar Headquarters Relocation
Jan 31, 2017 (updated on Jan 31, 2017)
Peoria County Board Chairman Andrew A. Rand was disappointed to learn of the relocation of Caterpillar, Inc.'s headquarters to Chicago, IL, but he remains steadfast in his resolve that central Illinois is a diverse and resilient community.
"While I am stunned by today’s news, it is still Tuesday, not doomsday, in Peoria," Chairman Rand states. "Our community has done remarkably well, considering the manufacturing losses over the last thirty years, as a more diverse set of economic interests decided to make Peoria their 'home.' The loss of Caterpillar’s world headquarters must be measured against the on-going presence of the remaining jobs and business operations in central Illinois. We must work harder than before to position Peoria to be the best Midwestern city in the United States to live, work and raise a family."
Our area has diversified greatly over the last 30 years; we've seen great growth in health care, banking, and higher education. These industries, and others, continue to help us weather job losses in other sectors.
And while Caterpillar's presence is intensely felt in this community, Peoria County is committed to the growth of all businesses in the area and wants to see them succeed.
As Caterpillar stated, they still consider Peoria their "hometown," and it is still home to the 12,000 employees in their facilities in the greater Peoria area. The Peoria County Board will continue, as always, to work on ways to keep our community strong, innovative and resilient.
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