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Redevelopment Commission Approves Caterpillar Tax Abatements for $890M Expansion

Caterpillar logoCaterpillar
Sig3.58Sen+4.60Env0.00Soc+2.70Gov+1.20

The Lafayette Redevelopment Commission unanimously approved resolutions recommending tax abatements for Caterpillar’s planned $890 million expansion. The commission backed $350 million in real property improvements and a 10-year abatement for $540 million in manufacturing and other personal property. Presentation materials cited a commitment to retain about 1,995 jobs as the project modernizes the Lafayette Large Engine Center operations.

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