Wednesday, May 11, 2011

Caterpillar CEO tells industry to lobby Quinn on biz agenda | Manufacturing | Crain's Chicago Business

Caterpillar CEO tells industry to lobby Quinn on biz agenda | Manufacturing | Crain's Chicago Business

The Caterpillar guy's back.

Noting that Illinois’ workers' comp rate is seven times that of Indiana’s, Mr. Oberhelman said lawmakers must rewrite the law so it protects only workers hurt on the job. He also said the state should adopt the American Medical Assn.'s physician guidelines for compensation settlements, which are used by 37 states. “Those are two things we’re very close on,” he said.

Also on his list: improving the state’s infrastructure. “Infrastructure in this country, for the most part, is a dirty word,” he said, admitting that his company directly benefits when the state invests in roads and bridges. “Our infrastructure is crumbling across the board.”

“There’s a whole competitive thing brewing,” he said. “(Illinois) just can’t compete.”

Mr. Quinn is being called on increasingly by corporate chieftains for financial aid. He announced a deal with Motorola Mobility last week. In exchange for keeping its head office in Libertyville and maintaining its staff of 3,000, the state will grant the mobile-phone company $100 million in tax breaks over the next decade.

Would have been easier to just keep taxes lower than put the stuff up for bid to corporate chieftains.

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