Disclaimer: This article may contain the personal views and opinions of the author.
Lori Lightfoot, the embattled mayor of Chicago, has not been having an easy time lately. We have certainly reported extensively on the gun violence happening in Chicago.
This is, of course, despite the fact that Chicago is well known for having some of the strictest gun laws in the country.
Now, it is being reported that a number of large companies are leaving Chicago, owing both to the crime rate and, indeed, the tax rate.
It is now being reported by Fox Business that:
Tyson Foods Inc. became the latest large company to announce its departure from Chicago, continuing a trend in the city that many have argued is the result of the city’s skyrocketing rates of crime and threatens to do harm to its most vulnerable populations.
“You’re talking about a situation where you have a hollowed out economy, where you have businesses leaving, there are no jobs,” Heritage Foundation senior research fellow in the Center for Health and Welfare Policy Robert Moffit told Fox News Digital last month.
Fox then reported that:
“And the people who are desperately hurt by this are mostly low income and black and minority residents who suffer the most from this high crime.”
Moffit’s comments came after McDonald’s CEO Chris Kempczinski took aim at Chicago in a mid-September speech, arguing that the city’s rising crime rates have made it increasingly difficult for companies to operate or find employees.
“We have violent crime that’s happening in our restaurants… we’re seeing homelessness issues in our restaurants.
We’re having drug overdoses that are happening in our restaurants,” Kempczinski said at the time. “So we see in our restaurants, every single day, what’s happening in society at large.”
AG Daily went on to report that:
Caterpillar is slated to move its world headquarters from the Chicago area to Irving, Texas, which in the Dallas area, later this year.
The heavy equipment company — whose yellow machines are distinguished by a large “CAT” logo — is making the move to attract new talents and improve global access.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” said Jim Umpleby, Caterpillar Chairman and CEO.
AG Daily went on to report that:
To date, Caterpillar Inc. is a world leading manufacturer of construction and mining equipment, off-highway engines, gas turbines, and diesel-electric locomotives.
The company is part of the Dow Jones Industrial Average.
Caterpillar originally planned on building their global facility in Peoria, Illinois. However, in 2017, the global manufacturer established their world headquarters in Deerfield, near Chicago. Despite strong Illinois roots, Caterpillar has had a presence in Texas since the 1960s.
So, the news really does seem to be getting worse and worse for Lori Lightfoot. In fact, we had just reported toward the end of September that a man broke his way into a Chicago Police Department facility on Monday and pointed a gun at a police officer. This happened during a police training exercise and the cops weren’t actually sure if the man was a part of the training or not. They soon realize he was not part of the training, so a police officer shot the intruder in the face. Follow The Raging Patriot for more on this story as it develops.