Capitol Fax.com - Your Illinois News Radar » Cat chooses Deerfield
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Cat chooses Deerfield

Thursday, Apr 20, 2017

* Tribune

Caterpillar will move its global headquarters from Peoria to north suburban Deerfield, choosing not to follow the path of other large companies that have relocated to Chicago.

It’s a decision steeped in irony: The equipment-maker’s future Deerfield home was only available because of another company’s decision to move to Chicago.

Caterpillar will take over the former headquarters of premium spirits maker Beam Suntory, which announced plans last year to move its 450 employees and global headquarters to Chicago’s Merchandise Mart, joining corporations including McDonald’s, Motorola Solutions, Kraft Heinz, Wilson Sporting Goods and Conagra Brands that have recently moved or made plans to relocate downtown. Beam Suntory’s move will be completed by the end of June. […]

Most of Caterpillar’s 12,000 Peoria-area employees will not relocate. About 100 will move to the new Deerfield headquarters this year. By mid-2018, Caterpillar expects to have about 300 employees in Deerfield in corporate roles, including executives and other corporate employees in finance, accounting and communications, said spokeswoman Corrie Scott.

* Crain’s

Incentives, while they were discussed, did not drive Caterpillar’s decision, said spokeswoman Corrie Scott. The Deerfield site will give employees who are relocating from Peoria as well as future recruits more housing and educational options, while still offering convenient access to the city via commuter rail, she said.

“To our minds, this is kind of the best of both worlds,” she said.

The national media has overstated the trend of corporations moving downtown to chase millennial workers, said John “Jack” Boyd, founder and principal of a namesake site selection firm in Princeton, N.J. Many of those workers are postponing a move to the suburbs, rather than rejecting it. Moreover, as more companies do move downtown, “at some point there’s inflationary cost pressures” that make the market less attractive.

“Suburbs in selected markets are doing very well, thank you, including Deerfield,” he said.

- Posted by Rich Miller        

24 Comments »
  1. - Not Rich - Thursday, Apr 20, 17 @ 9:35 am:

    Does Deerfield have term limits??


  2. - RNUG - Thursday, Apr 20, 17 @ 9:51 am:

    At least they are still in Illinois … even if they aren’t playing in Peoria. /partial s


  3. - Six Degrees of Separation - Thursday, Apr 20, 17 @ 9:53 am:

    Of the millenials I know who lived in the city, a good 80-90% moved out to the suburbs as soon as their children were of school age. Other than the supposed “young professional” angle, a Loop office theoretically helps attract workers from every area of the city and suburbs due to the more flexible transportation options, while a suburban location makes a 15-20 minute commute possible if you can afford to live near where you work.


  4. - Honeybear - Thursday, Apr 20, 17 @ 9:57 am:

    A wee bit touchy about insentives. What were they?
    How much in EDGE? 50-100 million?
    I don’t think they should be given anything for 300 currently existing employees to move into an already existing and business ready building.

    Maybe DCEO would be kind enough to reveal how much money is being siphoned off from going into our state coffers

    We have a hole in our milk pail.
    Cat is lapping up

    Also I’d also like to know how they got around the “but for” clause.


  5. - Arthur Andersen - Thursday, Apr 20, 17 @ 10:02 am:

    For the sake of Cat employees, let’s hope the Beam folks left plenty of sample merchandise lying around. Not a bad location-close to Palwaukee for the big kahunas who don’t have to fly United.


  6. - wordslinger - Thursday, Apr 20, 17 @ 10:03 am:

    Nothing special about that building. Must be close to the big dogs new cribs.

    Seems like a Boeing or ADM deal; the big dogs get some distance from their riff-raff employees, plus sweet golf courses.


  7. - JS Mill - Thursday, Apr 20, 17 @ 10:17 am:

    Deerfield v. Peoria, fairly obvious why the global execs choose to move, and I am not trying to cast shade on Peoria. We often shop there as it is only 30 minutes from home. Peoria and the surrounding area are just limited in what they can offer the execs.


  8. - walker - Thursday, Apr 20, 17 @ 10:18 am:

    “”"Incentives … did not drive Caterpillar’s decision”"”

    They never do. Ask any large company’s executive team.


  9. - Robert the Bruce - Thursday, Apr 20, 17 @ 10:22 am:

    wordslinger nailed it.

    Downtown Peoria was closer to the private airport that Cat execs used.


  10. - anon2 - Thursday, Apr 20, 17 @ 10:26 am:

    Deerfield is where Rauner grew up.


  11. - Slippin' Jimmy - Thursday, Apr 20, 17 @ 10:40 am:

    Word for the Trophy!


  12. - Annonin' - Thursday, Apr 20, 17 @ 10:43 am:

    Deerfield to O’Hare is about 45 minutes or more. Big CAT jets can use Palwaukee. Not much outbound METRA service in a.m. So the new hires will need to find a bunkhouse nearby. Housing mostly overpriced and over taxed.


  13. - wordslinger - Thursday, Apr 20, 17 @ 10:49 am:

    There’s a Metra stop a block from the building, but CAT is only talking 300 people there. I’m guessing most are doing the North Shore thing.

    Walgreens has thousands at their campus about a mile west on Lake-Cook. Lots of whiz kids take the train from the city, then Pace shuttles them to their buildings.


  14. - Texas Red - Thursday, Apr 20, 17 @ 11:06 am:

    Great move for CAT, their employees will have access to great local schools both private and public.Plus close to Chicago and O’hare. Rep Drury and Senator Morrison have got to be loving this !


  15. - Dan Johnson - Thursday, Apr 20, 17 @ 11:06 am:

    Public transportation explicitly mentioned by a Fortune 500 company as a reason to relocate.

    We should invest far more in public transportation. (FYI, Trump’s budget would significantly cut back on federal investment in transit, so that’s cool).


  16. - Honeybear - Thursday, Apr 20, 17 @ 11:22 am:

    I get that Walker but I guess the taxpayer will just never get to know what amount didn’t go to the Wiillard Ice building because it “didn’t drive their decision”.

    Cat doesn’t have to send in 50-100 million in employees income tax withholding and that doesn’t concern taxpayers?

    All for a private company’s decision that was obviously not made “but for”

    You get what I’m saying?

    Republican Welfare costs hundreds of millions.

    And they scream over 194 dollars s month for food that is 100 % paid for by the Feds


  17. - Honeybear - Thursday, Apr 20, 17 @ 11:42 am:

    Okay so here’s apology time. I just caught an article that stated that they did not receive any incentives from DCEO which would include EDGE.

    I was wrong and I stand corrected.
    Special apology to Walker for personally addressing a post to you.

    I’m super sensitive about EDGE and hope that this form of corporate welfare will not be extended past April.

    Illinois needs all the revenue we can get.


  18. - A guy - Thursday, Apr 20, 17 @ 11:42 am:

    The execs moving up there like that area. Anyone would, it’s lovely. Sling is right about that building. Nothing remarkable about it, but the transportation options to it are very good.


  19. - RNUG - Thursday, Apr 20, 17 @ 12:21 pm:

    Great move for CAT, their EXECUTIVES will have access to great local schools both private and public.

    * Fixed it!


  20. - Responsa - Thursday, Apr 20, 17 @ 12:34 pm:

    As other have said, Walgreens has a big campus nearby as does Discover, Takeda Pharmaceuticals, and also Wolters Kluwer (formerly CCH). This is a great location for business’employees: access to public transportation, airports and highways/surface roads, varied housing options and great schools. Less than an hour to downtown for sports, concerts, theater and fine dining restaurants. Well done, CAT!


  21. - Anonymous - Thursday, Apr 20, 17 @ 12:37 pm:

    “Deerfield to O’Hare is about 45 minutes or more. Big CAT jets can use Palwaukee. Not much outbound METRA service in a.m. So the new hires will need to find a bunkhouse nearby. Housing mostly overpriced and over taxed.”
    It’s not just the CAT staff jetisoning to locales far away. It’s the clients coming in to see CAT. Most fly commerical. Multiple airlines non-stop to O’Hare. And the activity scene to entertain clients is not debatable. Congrats to Deerfield.


  22. - The Doc - Thursday, Apr 20, 17 @ 12:44 pm:

    “Deerfield to O’Hare is about 45 minutes or more”

    Maybe at the peak of rush hour, but I can get there most of the time in 25 minutes. Glad you’re not my Uber driver ;)


  23. - Just Observing - Thursday, Apr 20, 17 @ 3:26 pm:

    ^^ What the Doc said.


  24. - Anonymous - Thursday, Apr 20, 17 @ 3:38 pm:

    The FBI will never find us in Deerfield!


TrackBack URI

Post your comment... And please take a half second to come up with a nickname. It makes following the posts easier for everyone... Thanks

In other words, do your best to be civilized and smart.


* Moody's warns on grants to CPS, General State Aid
* *** UPDATED x1 - Brown responds *** Rauner says Madigan "hinted" about working on budget with Rauner's reforms
* Rauner talks higher ed as SIU prepares reforms
* A good idea that could cost a pretty penny
* Rauner hosts third graders for Facebook Live program
* Madigan says he met with Rauner today, asked him to focus on budget
* Question of the day
* Our two economies
* *** UPDATED x3 - INA, Biss respond - IDOC responds - Manar responds *** Rauner rescinds IDOC nurse layoffs
* It's just a bill
* Goldberg says Rauner would sign a stand-alone K-12 funding bill
* Daiber says he voted for Hardiman
* "As soon as he gets that call, he’s immediately changing his number"
* House advances equal pay bill
* Animal stories
* Oppo dump!
* *** LIVE *** Session coverage
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............
<


Loading


* Rauner, Madigan hopeful after meeting — should .....
* Illinois DOC nurse layoffs rescinded - WPSD Loc.....
* Rauner, Madigan meet to discuss budget - Peoria.....
* Illinois prison agency rescinds nurse layoff to.....
* Illinois prison agency rescinds nurse layoff to.....
* Illinois Prison Agency Rescinds Nurse Layoff to.....
* Bill to shore up Chicago municipal workers' pen.....


* Second man charged in fatal shooting of judge in Chicago
* Passenger who was dragged off jetliner settles with United
* Illinois prison agency rescinds nurse layoff to keep talking
* Second man charged in shooting of judge near Chicago home
* Illinois Senate endorses presidential tax disclosure plan
* Rauner-Madigan budget meeting prompts encouraging statements
* Body of missing Joliet toddler found in mother's home
* Central Illinois schools work to repair elevated lead levels
* Illinois comptroller using tax-season revenue to pay bills
* The Latest: Coroner says autopsy of dead girl inconclusive

* Holocaust survivors' daughter tells parents' story at memorial service
* Rauner will rescind prison nurse layoff notices
* House OKs bill to make Lincoln library, museum separate agency
* Rauner, Madigan meet to discuss budget
* State rep: Rauner will rescind prison nurse layoff notices
* Settlement reached in United passenger-dragging case
* Cash flow from tax filings allows payment of some overdue health care bills
* House approves bill prohibiting employers from asking about previous pay
* Kicked out before kindergarten? Officials concerned about preschool expulsions
* Search continues in Joliet Township for missing toddler

* Why Illinois dentists want this law enacted
* Will House GOP get to yes on revived Obamacare repeal?
* Wintrust wins customer-satisfaction crown for first time
* United Airlines settles with victim of dragging incident


* Feds seek records from company co-owned by Clerk Dorothy Brown
* Burbank Park Dist. sued over hiring of convicted pedophile in ’84
* Sneed: Jacksons could wrap up divorce case soon
* 70-year-old man with dementia missing from Austin
* Rauner, Madigan hopeful after meeting — should rest of state be?
* Suit: Man ‘found in ditch’ after transport company ‘abandons’ him
* Man dies while pinned under pickup truck in Round Lake Beach
* Stunner: Bears trade 4 picks, take QB Mitchell Trubisky
* Cleveland Browns select Myles Garrett with top pick in NFL draft
* Bill to shore up Chicago municipal workers’ pensions passes House


* New drug to treat Batten disease OK'd but won't help Gray girls
* Attorney General seeks information on fatal crash involving Naperville cop
* Wisconsin Republicans push college free speech bill that would punish hecklers
* Wheaton Warrenville South graduate Corey Davis picked 5th in NFL draft by Titans
* Arkansas awaits word from Supreme Court on execution of 4th inmate
* City fires head of security at O'Hare, Midway for not disclosing why he lost Tollway job: sources
* Cunningham to tighten Waukegan spending rules
* Bears quarterback Mitchell Trubisky
* Shooting suspect charged in slaying of judge, wounding of judge's girlfriend
* Protesters attack Macedonian lawmakers over leadership vote, dozens injured


» State GOP Lawmakers Claim Rauner Won't Layoff Nurses
» Second Man Charged In Judge’s Shooting Death
» Equal Pay Act Goes To Senate
» Illinois House Democrats Vote to Strengthen Chicago Teachers Union
» Legislators End Hastert's $28k Pension — Is That Legal?
» What An Attempted Rape On Chicago’s West Side Says About Trust Between The Community And Police
» Illinois Board Terminates Hastert's State Lawmaker Pension
» New Chicago Graduation Mandate Earns Mixed Reviews
» Death Of Giant Rabbit Adds To United Airlines Woes
» House Democrats Pass Abortion Legislation


* Guest Column: Illinois’ school accountability plan needs work
* Thumbs Up: To the hero who saved Chatham man's life
* George Will: Will France elect a Gallic Barack Obama?
* Eugene Robinson on Trump tax plan: Plant beans and wait
* Holocaust survivors' daughter tells parents' story at memorial service
* Rauner will rescind prison nurse layoff notices
* House OKs bill to make Lincoln library, museum separate agency
* Rauner, Madigan meet to discuss budget
* State rep: Rauner will rescind prison nurse layoff notices
* Settlement reached in United passenger-dragging case


* Madison County police news
* Color change: Hydrant flushing may throw off Wood River residents
* Riverbend-area church news
* Michael Dean pleads guilty to Calhoun charges, will serve 1.5 years
* ‘Cutting edge and all-inclusive’: officials break ground in Gordon Moore Park
* Millstadt Farmers Inn to reopen
* Millstadt Farmer's Inn to reopen
* An historic Millstadt building will soon be home to a brand new restaurant
* Underwood: 'He makes his teammates better'
* NASA, other eclipse partners to visit SIU Carbondale in May


* Softball: Hampshire upends Dundee-Crown
* Titans draft former Wheaton-Warrneville South WR Davis
* Bears pay huge price to trade up for QB Trubisky
* Nine charged in Crystal Lake attempted robbery
* No bail for suspect accused of strangling Schaumburg woman

* Oswego's Congressman Reacts to Missile Str...
* Veterans seek answers at forum with U.S. R...
* Rep. Randy Hultgren fields questions at Le...
* Rep. Randy Hultgren on Trump's Foreign and...
* League of Women Voters event in St. Charle...
* Randy Hultgren to participate in League of...
* Batavia's Congressman Reacts to Missile St...
* GOP congressman appears to distance himsel...
* GOP Bill Would Curb Shareholder Activism -...
* Batavia's Congressman Holding Service Acad...

* 'Brave' Syrian women answer call to make t......
* Senators Durbin, Duckworth Introduce Legis......

* Senators Durbin, Duckworth Introduce Legis......

* “The Driver’s Side” – News From The Motorist’s Perspective
* C2E2, an Earth Day celebration at Garfield Park Conservatory, and more things to do in Chicago this weekend
* Chicago rapper Valee ends his catchy songs so early you’ll want to imagine where they might’ve led
* Angry Leftists to protest Northwest Chicago GOP fundraiser Friday night
* Rauner and Madigan meet to discuss state budget
* EXTRA: Is United Airlines the Wizard of Oz in telling us to 'Pay no attention to that man behind the curtain?'
* Di Leo: Even with an Angelic Subject like "Made in America," the Devil is in the Details
* SEIU nursing home workers in Illinois threaten strike
*
* 1970: 95/Dan Ryan CTA terminal


* Governor Connects with Students Across Illinois on Facebook Live
* Statement from Rauner Administration on Meeting with Speaker Madigan
* Rauner Administration Seeks to Rid State Government of Illegal Hires Made Under Previous Administration
* Genetic testing confirms Illinois’ new state-record crappie was a hybrid
* New Civilian Aide to the Secretary of the Army invested - Illinois Department of Veterans’ Affairs Director Erica Jeffries Named Civilian Aide to the Secretary of the Army

  
* Galaxy S8+ with 6GB RAM also selling in Hong Kong from May 25
* Chairman of Foxconn and Trump reportedly meeting
* Not a shocker: Google Pixel software support up through 2019
* Consumer hardware break means software shines for Microsoft 3Q17 earnings
* Alphabet’s efforts beyond search are ballooning into their own huge businesses
* Google search on iOS will now help you find TV shows, movies and music on streaming services
* Facebook sidesteps Snapchat by launching Messenger Lite in 132 more countries

* Melky gets bowled over while catching line drive
* Inbox: Will prospects join White Sox rotation?
* Dunning dominates again
* Backed by bats, Quintana deals a sweep
* Avi setting sail for White Sox
* Backed by bats, Quintana deals a sweep
* Abreu exits with right hip flexor strain


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller