Caterpillar Inc. announced Monday that it will not only keep its parts distribution center in York County, but will purchase and modernize the 1.1 million square-foot leased facility.
The heavy machinery manufacturer had been contemplating moving its operations out of York to somewhere else in the eastern United States.
Modernizing the facility in Springettsbury Township will retain the jobs of nearly 200 employees.
More than 1,000 jobs were lost when the Illinois-based company closed its manufacturing operation at the York site in 1998.
This announcement comes on the 60th anniversary of Caterpillar's presence in York.
In 1953, Caterpillar opened the parts distribution center on Memory Lane as one of the largest and most modern distribution centers in the United States.
"We are excited the decision was made to invest in the existing facility," facility manager Jim Paprocki said in a statement. "We have a very talented and committed group of employees here, and are anxious to get started on the work ahead."
"We were pleased to work with Caterpillar to help secure the decision by the company to reinvest in York, retaining the jobs of the nearly 200 employees who clock in every day in York," said Governor Tom Corbett said in a statement. "After calling York home for 60 years, today's announcement marks an important step in the next chapter of Caterpillar's presence in the region."