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LDC in Claypool, IN, Seeks Tax Abatements

$50M in abatements would be used for plant expansion

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Louis Dreyfus Co. (LDC) in Claypool, IN, is growing again. Last week, the agricultural business took a step in seeking two tax abatements from the Kosciusko County Council totaling about $50 million, reports the Times Union.

Attorney Steve Snyder, on behalf of LDC, said the personal property tax abatement being sought was for an investment of $17,563,000; and a real estate abatement for an investment of $35,813,000. Both abatements would be used for expansion of the plant.

The project would begin about January 1, 2021, and be completed by December 31, 2022, assuming things get back “to halfway normal,” Snyder said.

LDC has 117 employees and would add seven more as a result of the additional construction.

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