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Lafayette Redevelopment approves tax abatement for Worwag Coating LLC

Lafayette Redevelopment also granted a tax abatement for Worwag Coatings today.

Posted: Dec 19, 2019 4:05 PM

LAFAYETTE, Ind. (WLFI)—Worwag Coatings is an automotive company out of Lafayette.

The company asked for a tax abatement for personal property and real estate. Worwag plans to hire over 80 more employees next year and expand their property to do so.

Economic Development Director, Dennis Carson, said that in order for the company to expand and offer more jobs, incentives like this are key.

"It's important that we help companies and partner with companies here locally to make these kind of expansions," said Carson. "Because this adds to the tax of a base for the expansion and new equipment they bring in and more importantly it provides jobs."

The tax abatement is expected to last seven years.

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