Winston-Salem says its incentives package for Caterpillar would be $13.3 million

(By Richard Craver, Winston-Salem Journal) - Winston-Salem said today it would pledge $13.3 million in incentives to Caterpillar Inc. if the company meets several performance criteria.

Last Friday, Caterpillar said that Winston-Salem is competing with Montgomery, Ala., and Spartanburg, S.C., for a "significant component manufacturing facility" it plans to open in the Southeast. Caterpillar said it would likely make a selection in August.

Dave Plyler, the chairman of the Forsyth County Board of Commissioners, said that the plant would make motorized parts or an entire motorized system for large heavy-equipment trucks.