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April 24, 2014, 9:47 pm
970 WMAY News

Caterpillar CEO Says Company Is Not Leaving Illinois


He remains sharply critical of Illinois’s finances, tax structure, and leadership.  But the CEO of Caterpillar says his company isn’t leaving the state. 

 

Doug Oberhelman took heat months ago for saying that other states had been trying to lure the company's headquarters to move, statements that were seen as veiled threats from the company that it might pack up and move.

 

However, despite his pledge to keep Caterpillar headquarters and thousands of jobs in Peoria, Doug Oberhelman says Illinois has an anti-competitive business environment, with a higher cost of doing business than other states.

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