FISHERS — Andretti Autosport announced its plans to bring a new $200 million racing and technology headquarters in Fishers and create up to 500 new jobs in the next four years.
According to a press release from the Indiana Economic Development Corp., Andretti Global, the parent company of Andretti Autosport, will build the 575,000 square foot facility on 90 acres near the Nickle Plate Trail, Ritchey Woods Nature Preserve and Indianapolis Metropolitan Airport.
Construction on the facility is expected to begin in the fall and is expected to be operational by 2025, according to the release.
The campus will have modern technologies, create a work-life environment for the team, fans and partners, welcome people through the Fishers Parks Nature First program, an indoor amphitheater and a museum, according to the release.
If approved by its board of directors, the IDEC will invest up to $19 million in conditional tax credits and up to $125,00 in training grants, according to the release.
"Indiana has long been the racing capital of the world, and Andretti Autosport's commitment to growth here will only further cement our state's leadership position in Motorsports and STEM-related pursuits," Indiana Gov. Eric Holcomb said in the release. "This new campus will not only bring new, exciting employment opportunities and serve as an asset for one of our fastest-growing communities, but it will also show just how much this living legacy, one of the most globally iconic brands known, continues to invest in the future of our great state."
Chairman and CEO of Andretti Autosport Michael Andretti said he is happy Indiana will continue to be home of the company's global racing efforts "for a long time to come."
“Over the past 20 years, I’ve worked to expand our operations, and I’m proud of our steps to create a diverse racing portfolio," Andretti said in the press release. "For us, it’s about more than just having somewhere to work on the cars; it’s about having a global motorsport home and sharing that with our people, our fans, and our sponsors to advance the sport and leave a lasting legacy.”
-
Indiana special session delayed beyond Nov. 3, new date to be announced
Indiana's special legislative session will likely not begin on Nov. 3 as Gov. Mike Braun initially indicated, according to statements from Republican legislative leaders Wednesday.
Marco Andretti announces retirement, ends family legacy at Indianapolis 500
Marco Andretti said Wednesday he is retiring from racing, a decision that likely means the “Andretti Curse” at the Indianapolis 500 will never end.
New report reveals "staggering and heartbreaking" trend among scam victims
A new report released Tuesday from the Identity Theft Resource Center reveals that significantly more people are suffering severe emotional distress as a result of identity crimes.
Indiana State Police team up with truckers to watch for aggressive drivers
Indiana State Police troopers are taking to the passenger seats of semi trucks Wednesday to watch for aggressive and dangerous drivers across the state.
