Council approves tax abatement for $24 million investment

More than 60 new jobs are coming to Lafayette and the company behind them is getting some help from the city.

Posted: Apr 2, 2018 11:52 PM

LAFAYETTE, Ind. (WLFI) - More than 60 new jobs are coming to Lafayette and the company behind them is getting some help from the city.

As News 18 has reported, the new jobs are thanks to an investment by Toyota Tshusho America, Inc. The company will build a $24 million logistics facility off Haggerty Lane.

The city council approved a tax abatement to help make the plans possible Monday night.

Mayor Tony Roswarski said tax abatements are a good tool to help a company invest in Lafayette.

"That's a tool that we have to help get that business up and running, make that multi-million dollar investment, help keep them competitive in a global economy," said Rooswarski. "Keep that work right here in Lafayette, Indiana, in Tippecanoe County, in the Midwest. That's what we want to do."

The new facility should be up and running in 2019.

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