On Friday, February 17th, Caterpillar announced plans to construct a new $200 million plant in Athens, GA. The plant will eventually employ 1,400 and suppliers for the plant will employ another 2,800 workers. The new plant will have an estimated economic impact of $1.4 billion, including $33 million in annual State and local tax revenue. Caterpillar was drawn to the site, in part, due to the close proximity to thePort ofSavannah and State and local incentives totaling close to $75 million. Additionally, Caterpillar Chairman and CEO, Doug Oberhelman, cited the infrastructure improvements proposed by the 2012 Regional Transportation Referendum as a major incentive to locate inNortheast Georgia – stating that the company will work hard to see the Referendum passed. Construction on the plant is set to begin late in 2013.
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