LG Chem battery plant in Lordstown approved for 15-year property tax break

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The tax break will go into effect immediately

GM and LG Chem battery plant

LORDSTOWN, Ohio (WKBN) – The new LG Chem battery plant will be built in Lordstown without having to pay 75% of its property tax for 15 years.

Lordstown Village Council voted unanimously Tuesday night to allow for the tax break.

The Lordstown Board of Education and board for the Trumbull Career and Technical Center previously approved it.

All three agreed to waive the 45-day waiting period, so the tax break goes into effect immediately.

The LG Chem plant is expected to break ground this summer, eventually creating 1,100 new jobs.

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