The 21st Show

Why are Boeing and Caterpillar leaving Illinois?

Caterpillar offices in Peoria.

Caterpillar offices in Peoria. Reginald Hardwick/IPM News

In the span of two months, two major companies have announced they are moving their corporate headquarters out of Illinois. In May 2022, Boeing said it was leaving downtown Chicago for a suburb of Washington, D.C. In June 2022, Caterpillar announced it was leaving Deerfield, Illinois for Irving, Texas in the Dallas-Fort Worth area. However, most of the company's manufacturing jobs will remain in Illinois.


John Pletz

Senior reporter (technology, airlines, cannabis), Crain’s Chicago Business