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Caterpillar Requests $7M from Winston-Salem, North Carolina

Caterpillar is asking for approximately $7 million in local tax incentives in Winston-Salem, North Carolina, FOX8 News reports.

"They're asking for pretty big incentives," Forsyth County Commissioner chairperson Dave Plyler told FOX8. "$3.5 million from us, the county, and $3.5 million from the city. What they do with it is up to them."

Caterpillar is also considering Montgomery, Alabama and Spartanburg, South Carolina for a component manufacturing facility. In Winston-Salem, the company is looking at a site at the city's edge near a Dell facility. Caterpillar is also requesting several million dollars from North Carolina.

The facility could hire up to 500 employees.

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