Monitoring the economic pulse of the Triad’
Winston-salem in the running for Caterpillar plant
Caterpillar, the world’s largest maker of construction and mining equipment, has announced that Winston-salem is one of three locations being considered as a potential site for the company’s new componentmanufacturing facility. In a statement released June 25, Jim Dugan, a spokesman for caterpillar, said the company’s project team evaluated locations in nine states across the southeastern United states before narrowing its choices to Winston-salem, montgomery, Ala. and spartanburg, sc. Jeff Gartska, vice president of Winston-salem Business Inc., said his organization has been in talks with caterpillar since late January, when the Nc Department of commerce sent out notice of the heavy-equipment manufacturer’s interest in the area. Winston-salem mayor Allen Joines said city leaders and organizations like Winston-salem Business Inc. have been working hard to lure caterpillar to the area. “caterpillar is a quality company,” Joines said. “They’re proposing to make a major capital investment with significant job creation.” Joines would not divulge the number of potential jobs caterpillar would bring to the area, but said an attractive economic incentive package is being developed that will include a portion of the Dell reimbursement funds. caterpillar representatives are looking at an undeveloped property near the Dell manufacturing facility as the potential site for the new caterpillar facility, which will be a freestanding structure. caterpillar will continue its evaluation of potential sites throughout the summer with a decision expected by August, Dugan said.