Wabash National arranging $69 million investment in Lafayette services

LAFAYETTE, Ind. (WLFI) — Wabash Nationwide is doing the job on a $69 million expenditure in its Lafayette amenities, and it could increase up to 200 jobs in the location.

A enterprise representative said they will use the dollars to improve capability which will enable support very long-time period demand for products and solutions.

The enterprise can only create 40,000 dry van units yearly right now, but they have a demand of about 60,000 a calendar year.

Wabash Countrywide ideas to use three tax abatements to make the investment decision possible.

Lafayette Mayor Tony Roswarski explained the request is a superior example of how the metropolis can assistance companies be effective.

“I believe it speaks properly for the collaboration and cooperation concerning the personal sector and regional govt that we all our carrying out our piece to aid them be competitive in a international economic climate and can guarantee that they have the workforce that they will need,” he stated.

Wabash Countrywide is also arranging to use some of the money to boost current tools.

The redevelopment commission accepted the tax abatement requests Thursday, and it now goes to the city council for acceptance.