Thursday, February 9, 2012

Governor Hopes To Address Caterpillar's Concerns

PEORIA, Ill. (AP) - A spokeswoman says Gov. Pat Quinn hopes to address some concerns about Illinois' business climate that Caterpillar Inc. cited in its decision not to build a new plant in the state. Spokeswoman Brooke Anderson yesterday said Quinn plans to announce pension and Medicaid reforms later this month. She declined to provide details. Peoria-based Caterpillar says it ruled Illinois out of plans to relocate a factory and 1,400 jobs from Japan over logistical problems and ongoing concerns about Illinois' business climate. Caterpillar explained its decision in an email to Peoria County leaders. The county was one of fewer than a dozen Illinois locations trying to win the new plant. In the email, the company says proximity to Caterpillar's division headquarters in Cary, N.C., was also a key factor. - http://goo.gl/7tBhx