Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Redevelopment commission recommends tax abatement for Lamco expansion; company says it will invest $650,000 and add 12 jobs
Summary
The commission approved Resolution LRC 2025-15 recommending a tax abatement for Lamco’s $650,000 expansion; Lamco representatives said the project is a 6,000-square-foot addition and expects to hire 12 workers, though health insurance for new hires is not currently feasible, the company said.
The Lafayette Redevelopment Commission voted on Nov. 20, 2025 to recommend designation of an economic revitalization area and approval of a tax abatement for Lamco under Resolution LRC 2025-15. Staff introduced the proposal and said Lamco plans a major property expansion.
Dennis, the commission director, told the body Lamco would invest $650,000 in a real-estate expansion for manufacturing. Daniel Carmody, speaking for Lamco, described the addition as about 6,000 square feet of mixed-use flex space and said the company expects to hire 12 new employees as a result of the expansion.
Commissioners asked about benefits for new hires. Aubrey Burkhart, who identified herself as Lamco’s chief financial officer, said the company added a retirement plan three years ago and is considering more benefits, but that offering health insurance "right now, it's just financially not feasible." She said Lamco supports employees’ health and safety in other ways, including paid time off used during the COVID period, and encourages employees to use the insurance marketplace.
After discussion, a commissioner moved to follow staff’s recommendation to approve the resolution; the motion was seconded, corrected to reference LRC 2025-15, and approved by voice vote.
The resolution recommends the tax-abatement designation; the transcript records the commission’s approval by voice but does not include a roll-call tally. The commission’s action enables the city to forward the recommendation and any required paperwork for final abatement approval under local procedures.
