Germany-Based Ludo Fact USA Expands Lafayette, Indiana, Operations
The company will invest $11 million to lease and upgrade machinery and equipment at its current 65,500-square-foot facility at 4775 Dale Drive. These upgrades will enable Ludo Fact USA to increase production and support the company's rapidly growing U.S. customer base.
"Located in Lafayette, Indiana, we are at the Crossroads of America, allowing us to reach the majority of our customers' warehouse and distribution centers within two days," said Lee Ramsey, vice president of sales for Ludo Fact USA. "The quality and dedication of the workforce in Lafayette has proven itself to be an asset for Ludo Fact USA and our customers."
As an incentive, the Indiana Economic Development Corporation (IEDC) offered Ludo Fact USA LLC up to $825,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. Tippecanoe County is considering additional incentives.
"Home to more than 1,050 foreign-owned business facilities, Indiana is committed to ensuring the Hoosier State is a premier, global hub for talent and for business," said Governor Eric J. Holcomb. "Ludo Fact USA is a perfect fit for Indiana, and we look forward to the company's continued growth in Lafayette, creating new Hoosier jobs and furthering our strong partnerships with global corporations."
Owned by Germany-based Ludo Fact GmbH, Ludo Fact USA, manufactures board games, jigsaw puzzles and a variety of packaging solutions such as rigid boxes, slipcases and other specialty items. The Ludo Fact enterprise produces more than 17 million board games and puzzles a year for 200 game publishers worldwide. The company currently employs 900 globally including 110 associates in Indiana.
Columbia-Based Plastilene Plans Washington Court House, Ohio, Research-Development Center
GreenPower Motor Plans South Charleston, West Virginia, Electric School Bus Assembly Complex
Innovation Corridors Have Economic Assets Driving Business Growth
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Talent-Based Location Strategies
Workforce Q4 2021
35th Annual Corporate Survey: Effects of Global Pandemic Reflected in Executives’ Site and Facility Plans
Workforce Development Programs Are in Overdrive
Workforce Q4 2021
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts