PEORIA, Ill. (KMOX) – Peoria will no longer be the corporate headquarters for Caterpillar.

The heavy-equipment maker announced Wednesday it is moving operations to the Chicago suburb of Deerfield.

The Caterpillar CEO said 100 of 300 employees will be moving to a leased space at an office park later this year — the others in 2018.

The CEO said being close to O’Hare Airport and on a Chicago rail line were key points in site selection.

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