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From today's Wall Street Journal:

"Caterpillar will receive incentives totaling more than $75 million from Georgia and two of its counties, Athens-Clarke and Oconee, state and local officials said. The plant will be built on a 265-acre plot straddling those two counties. The counties agreed to provide the land as well as property tax relief and new roads, sewers and water lines. The state is providing tax credits and grants to help train workers, among other things.

Caterpillar said it hadn't yet determined wage levels for the Athens plant, but the company recently has been offering workers at a train-locomotive plant in Muncie, Ind., starting pay of between $12 and $18.50 an hour, plus medical and dental benefits and a retirement-savings plan."

That plant in Muncie IN is replacing one in London,Ontario,Canada that was closed because employees there would not accept a 50% pay cut. Caterpillar enjoyed record profits last year and expects revenue increases as high as 38% for 2012

Feel free to fact check me


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