LEGO Group’s decision to spend $1 billion to build a new factory near Richmond, Virginia, has led economy and industry experts to raise questions about the status of the Denmark company’s Connecticut headquarters.
The global toymaker announced at a press conference with Virginia Gov. Glenn Youngkin (R) its plans to build a new factory in Chesterfield, a move that would expand its production in the United States and create about 1,760 new jobs.
Construction and mining equipment giant Caterpillar Inc. announced Tuesday it will move its global headquarters from its current location in Deerfield, Illinois, to the company’s existing office in Irving, Texas.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” said Chairman and CEO Jim Umpleby in a press release.