LAFAYETTE, Ind. (WLFI) - With Subaru of Indiana Automotive's $400 million investment in Lafayette, city leaders expect a ripple effect to take place.
"An investment of over $400 million really has wide reaching impacts in our community," said Mayor Tony Roswarski (D).
With SIA bringing 900 new jobs to town, Roswarski said new opportunities are in store for Lafayette.
"From the tax base that it helps create to what it can do for our schools, to what it can do for additional businesses in our community, and the collateral jobs that will be created," said Roswarski.
Roswarski said for every one job created in the automotive sector, 10 other jobs are created throughout the economy.
"The potential to create 9,000 jobs throughout the state, from different suppliers and the other jobs that will be created from this, that is a significant number," said Roswarski.
President and CEO of Greater Lafayette Commerce Joe Seaman said the $400 million investment announced by SIA Wednesday will tack on to the company's $75 million expansion announcement made last year. Seaman said that $475 million doesn't include all the other leading manufacturers in the area.
"If we sit back and look at what's happened in the last 12 months between Nanshan of America and our Alcoa plant, and now SIA plant, you're talking over $800 million in capital investments," said Seaman.
Mayor Roswarski said he doesn't think Lafayette has ever had this large of an investment in the community.
Both Roswarski and Seaman said this expansion will most likely start a ripple effect. They said they are looking forward to the future and the public should too.
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