Why this project qualifies
With $725 million in facility-specific investment and 100 permanent operating jobs announced, this project clears both of AFT's qualifying thresholds ($100 million in facility-specific investment OR 100 permanent operating jobs). This project also meets AFT's primary-source verification and physical U.S. manufacturing-footprint requirements.
View full methodology →Why it matters
The industrial machinery & equipment context.
Industrial Machinery & Equipment tracks qualifying U.S. factories producing machinery, automation systems and industrial equipment used in manufacturing, construction, agriculture, mining, material handling and infrastructure. Automotive, aerospace, shipbuilding and electrical-grid equipment remain in their dedicated AFT industries.
Project record
At a glance
- Company
- Caterpillar
- Industry
- Industrial Machinery & Equipment
- Location
- Lafayette, Indiana
- Investment
- $725.0M
- Permanent jobs announced
- 100
- Status
- Under Construction
- Announced
- Feb 22, 2024
- Opening timeline
- Not yet announced
- Added to tracker
- Aug 19, 2026
Sources
Official references
- Facility-specific investment, jobs and completion estimate https://lafayette.in.gov/DocumentCenter/View/16374/725M-Tax-Abatement-for-Caterpillar-Inc-20240222
- Caterpillar groundbreaking, status, scope and jobs confirmation https://www.caterpillar.com/en/news/corporate-press-releases/h/lafayette-large-engine-expansion.html
- Caterpillar 2025 capital-expansion status review https://investors.caterpillar.com/news/news-details/2025/Caterpillar-Invests-in-U-S--Manufacturing-and-Future-Workforce-Skills-Training/default.aspx
Related
Other projects to know
In Indiana
- Industrial Machinery & EquipmentAmazonGreenwood, Indiana$100.0M300 jobs
- PharmaceuticalsEli LillyLebanon, Indiana$4.50BNo separate jobs count announced.
- Medical Devices & DiagnosticsRoche Group (Roche Diagnostics)Indianapolis, Indiana$550.0M650 jobs
- PharmaceuticalsEli LillyLebanon, Indiana$4.50B400 jobs
Across Industrial Machinery & Equipment
- Industrial Machinery & EquipmentMayville Engineering Company (MEC)Thomson, Georgia$26.0M140 jobs
- Industrial Machinery & EquipmentLG Electronics USAIsle of Wight County, Virginia$63.9M164 jobs
- Industrial Machinery & EquipmentCaterpillarVictoria, TexasNot publicly disclosed200 jobs
- Industrial Machinery & EquipmentVermeerBondurant, IowaNot publicly disclosed300 jobs
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