Caterpillar to Build $1B NC Factory, 500 Acres, $85M Incentives

Caterpillar announced a $1 billion investment in a new 500-acre factory in Sanford, North Carolina, for construction, agriculture, and landscaping machinery, supported by $85 million in local incentives. The project signals continued reshoring of heavy equipment manufacturing and will create jobs, though the exact number is not specified. This reflects broader industrial policy trends favoring domestic production.