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Caterpillar Moving Primary Manufacturing Facility To Texas

Caterpillar Moving Primary Manufacturing Facility To Texas

Project will create 1,400 jobs in Seguin; Second largest job creation project this biennium in Texas

Gov. Rick Perry, Lt. Gov. David Dewhurst and Speaker Tom Craddick today announced that Caterpillar Inc., a Fortune 50 company, will move one of its primary global assembly, test & paint facilities to Texas, creating more than 1,400 jobs. The state will invest $10 million through the Texas Enterprise Fund (TEF) in the company as a deal-closing incentive for the consolidation and movement of its manufacturing and testing facilities to Seguin, which will generate $169.7 million in capital investment. The project is the second largest in terms of job creation and investment this biennium. Texas was in competition with South Carolina and Mexico for this facility.

Full Story: http://governor.state.tx.us/news/press-release/11727/

(Many thanks to John Masterson of http://www.modwest.com and http://www.grupthink.com for passing this along. His parents live in Sequin and they say the town is "all a-flutter" about this development. Russ)

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