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Council approves first reading of $500,000 TIF forgivable loan for bioglycols project
Summary
On a voice and roll-call vote, council approved first reading of ordinance 2026-13-CL to allocate $500,000 from Southeast Industrial TIF as a forgivable loan to support the Sustainia Bioglycols project; staff said the package is coordinated with the City of Lafayette and the loan would be forgiven if the company meets job and wage benchmarks.
The county council on first reading approved ordinance 2026-13-CL, authorizing a $500,000 expenditure from Southeast Industrial TIF revenues as a forgivable loan to support the Sustainia Bioglycols project.
County staff explained the measure in short: the $500,000 would be offered as an incentive and structured as a forgivable loan tied to performance benchmarks. A staff…
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