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Lafayette City EDC approves $1 million forgivable loan as incentive for Sustainia project
Summary
The Lafayette City Economic Development Commission approved EDC Resolution 2026-01 authorizing steps toward a $1,000,000 forgivable loan as the city’s incentive for the Sustainia development; the county will consider its part separately and the loan is to be forgiven upon project completion as described by staff.
The Lafayette City Economic Development Commission voted to approve EDC Resolution 2026-01 on March 31, 2026, authorizing city steps related to proposed taxable economic development revenue notes and a $1,000,000 forgivable loan as part of an incentive package for the Sustainia project. Miles (presenter) introduced the resolution and described the procedural steps the commission was authorizing when he said the…
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