Motorola Solutions, Inc.

In picking Deerfield, Cat shows suburbs can still draw top corporations

In picking Deerfield, Cat shows suburbs can still draw top corporations

There's a reality check lurking within Caterpillar's decision to relocate its global headquarters in Peoria to north suburban Deerfield.

Since January, when Cat said it was moving its HQ to the Chicago area, there had been an underlying expectation among some businesspeople that the big equipment manufacturer was bound for Chicago's Loop. The rationale: Cat would eagerly follow a trend recently pioneered by Google, McDonald's, Motorola Solutions and other brand names to relocate there and tap into the energy of a younger, more tech-savvy workforce that lives, works and plays in the nearby neighborhoods.

Yet Cat's decision Wednesday shows that corporate powerhouses looking to...

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