Peoria looking to expand economy after Caterpillar move

 
 
Updated 1/31/2017 1:58 PM

PEORIA, Ill. -- The mayor of Peoria says the city is going to hold Caterpillar officials to their word that the company will remain a presence in the central Illinois city.

Peoria Mayor Jim Ardis spoke at a Tuesday afternoon news conference with 30 community leaders after the farming and construction equipment maker announced it was moving its headquarters to the Chicago area. The mayor said in a statement that Peoria "will continue to look for ways to expand our economy." Caterpillar said it's relocation about 300 executive positions to Chicago.

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Ardis says Peoria will hold Caterpillar to its promise that jobs will remain in Peoria and the company will continue to have a presence as a civic and philanthropic leader.

Ardis also said that Peoria residents "have a resiliency that is second to none."

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