Equipment manufacturer Caterpillar Inc., announced it's moving its corporate headquarters to Irving, Texas, expanding a new office that the company added in 2021. When the move is completed in 2023, 240 office employees are expected to join the maker of excavators, bulldozers and other construction machines at the new corporate office near Dallas.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” said Caterpillar Chairman and CEO Jim Umpleby in a statement. Cat, as it's commonly known, is the second Fortune 500 company to announce a move from Chicago in the last two months, following Boeing, which implied its move was related to being closer to government regulators in suburban Washington, D.C.