Caterpillar Inc. is planning an $890 million investment to modernize its Large Engine Center in Lafayette, Indiana. The facility currently employs nearly 2,000 people.
The Lafayette Redevelopment Commission will consider two 10-year tax abatement proposals for the project on August 27, 2026.
The proposed budget allocates $540 million for new machinery and equipment. An additional $350 million is designated for facility renovations.
Installation and updates are scheduled to begin in 2027 and conclude by 2030. This initiative follows a separate, previously announced $725 million expansion at the same location.