Ludlum Measurements

Ludlum Measurements Inc. (LMI), a prominent Sweetwater-based company, has been a cornerstone of the local economy, particularly in the homeland security sector. To support its expansion efforts, LMI sought financial assistance from Sweetwater Economic Development (SEED), which has played a vital role in the company’s continued growth.

In collaboration with all three community banks and the Sweetwater Industrial Foundation, SEED coordinated a $750,000 loan for LMI, guaranteed by SEED, enabling the company to borrow at the prime rate. Additionally, SEED provided a grant of $5,000 per job created, up to 100 jobs, over a 15-year period. Impressively, LMI reached this milestone in just over two years, prompting SEED to provide $500,000 in incentives towards constructing a new addition to LMI’s facilities. Today, LMI employs over 400 people across its Sweetwater locations, reflecting its substantial impact on the local economy.

Further strengthening its global reach, SEED guaranteed a $2.5 million loan for LMI to acquire a company in London, England, where LMI now employs 90 people. This strategic move has expanded LMI’s international footprint while reinforcing its commitment to Sweetwater.

In August 2022, SEED’s Board of Directors approved two additional agreements to support LMI’s growth. The first, amounting to $840,000, is dedicated to constructing a 42,000-square-foot building for Eljen Technologies, a Ludlum Measurement company in Sweetwater. The second, totaling $220,000, is allocated for preparing future expansions at LMI’s headquarters.

Ludlum Measurements Inc. continues to be a driving force in Sweetwater’s economic development, demonstrating the power of strategic investments and partnerships in fostering sustained growth and innovation.