Caterpillar Inching Toward a New Home?

Update: Well, that was fun while it lasted.

The Business Journal of Milwaukee — and good friend Rich Rovito — has an interesting blog item about the CEO of Caterpillar complaining about the business climate of Illinois.

From the posting:

Various media outlets, including the Pantagraph in Bloomington, Ill., stated that Caterpillar CEO Doug Oberhelman sent a letter to Illinois Gov. Pat Quinn informing him that at least four other states have approached the company about relocating.

“I want to stay here. But as the leader of this business, I have to do what’s right for Caterpillar when making decisions about where to invest,” Oberhelman wrote in the letter reportedly obtained by the Lee Enterprises’ Springfield, Ill., bureau.

Wisconsin has not been officially listed as one of the states courting Caterpillar. But it makes sense if it was. And it would make doubly good sense with the company’s acquisition of Oak Creek/South Milwaukee-based Bucyrus International.

Could this be a win for the South Shore? Too early to say.

But it’s nice to dream …

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