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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 β€œto halfway normal,” Snyder said.

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

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