CAT · News · 20260922N
Manufacturing and Capacity
CATERPILLAR INC · 2026-09-22 · Importance 40 · Surprise 42
Lee County officials approved a $46 million tax-rebate package for Project Paragon, an unnamed company reportedly linked to Caterpillar. The proposed Sanford, North Carolina, project would involve approximately $1 billion of investment and maintain nearly 2,000 jobs. A separate $39.5 million incentive approved by Sanford City Council would bring the reported public incentive package to $85.5 million. The company identity and Caterpillar’s participation have not been confirmed, although the report cites Caterpillar’s existing Sanford operations and recent Lee County job announcements.