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CAT Still Studying Corporate Needs



It's been two years since Caterpillar started looking into expanding its corporate headquarters footprint in downtown Peoria. And officials say they're still looking.

A statement released by CAT says the company is even considering filling non-manufacturing office space needs in East Peoria, Morton and Mossville.

"We are looking at a long-term strategic plan for Peoria-area office space, which includes studying the correct size, scope and functionality of those facilities to better utilize the space we have," according to the statement. "The study team continues to work on this expanded scope of work with our outside partners."

The company admits a "great deal of uncertainty" could impact the outcome of it's study.

"Current global economic and geopolitical risks could negatively impact Caterpillar's business," the company's statement reads. "There is also continued concern about the long-term financial health of the state of Illinois and the impact the state's poor financial health may have on local and county governments, including communities in the Peoria area."

Caterpillar says when it's ready to announce something to employees and outside partners it will, but there's no timeline to do that.
 

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Topics : Business_Finance
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Locations : IllinoisMossville
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