Business
1:25 pm
Thu June 12, 2014

Caterpillar: state, global economics could impact HQ study

Caterpillar says financial uncertainty could impact a study of whether to update its aging world headquarters building. The company has spent two years studying its headquarters layout and technological needs of other downtown facilities. In a statement, the company says it remains committed to the study and is looking at new office space needs in the region. The study also remains focused on downtown Peoria. But Cat says current global and economic risks could negatively affect business. The statement says Cat is also concerned about how the state’s long-term financial health could impact Peoria’s city and county governments.