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Caterpillar to move its global headquarters from Chicago to Texas

By Shubhangi Mathur - Jun 14, 2022, 09:20 PM ET

Last Updated - Mar 04, 2024, 03:19 PM EST

Texas offers lower labor costs and has less stringent regulations

• Texas offers lower labor costs and has less stringent regulations

Caterpillar Inc (NYSE: CAT) said on Tuesday it is moving its global headquarters to Texas from Chicago.

Texas, which has lower labor costs and less stringent regulations, has become a magnet for many companies who consider changing the location of their headquarters.

Reuters reported that a spokesperson for Caterpillar said most of its 230 employees based in Deerfield, Chicago will move to the new headquarters over time.

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