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Caterpillar Comes to Georgia: A Look at the Numbers

Here are some of the numbers associated with the planned development in northeast Georgia.

The news was confirmed Friday morning that Caterpillar Inc., named by CNN Money one of the 10 Best Stocks for 2012, is to build a new facility in Oconee and Athens-Clarke counties that will serve as the company's global source for small track-type tractors.

The company plans to break ground next month and production is expected to begin in 2013.

Here's a highlight of some of the numbers associated with the project, according to news releases:

  • $200 million - The total anticipated investment in the project.
  • $57 million - The expected annual payroll at full employment and build-out.
  • $60.1 billion - The amount of sales and revenue Caterpillar racked up in 2011.
  • $30 million +- The estimated value of local incentives over the next 20 years.  Note: Caterpillar requested abatement begin at 90 percent rather than 100 percent the first year.
  • 1,400- The projected amount of employees by 2020 (with average wages competitive or greater than the current local averages.) 
  • 20-25- Potential number of suppliers to locate in area to support production needs of Caterpillar. This could double job creation to 2,800.
  • 20 years- The time frame in which the site will be transferred from the ownership of the counties to the company.
  • $39 million - Projected increase in annual retail sales in Oconee and Athens-Clarke establishments.
  • $945,000- Estimated amount of additional special-purpose, local-option sales tax (SPLOST) revenue per year.
  • 200,000- Number of Caterpillar employees around the world.
  • $500 million- Amount the Caterpillar Foundation has contributed around the work since it was founded in 1952.
Xardox February 18, 2012 at 02:56 PM
This is the event the northwestern part of Oconee County has been predicting for several decades. A transformative event. Lots of work about to hit.

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