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.”
-
Black, minority entrepreneurs find community, opportunity at The AMP at 16 Tech
Black and minority entrepreneurs are finding space to launch their dreams, grow their businesses and leave their mark on Indianapolis' thriving food scene at The AMP at 16 Tech.
Fernando Mendoza at NFL Combine: 'Whatever team drafts me, I'm grateful'
Fernando Mendoza spoke to reporters at the NFL Combine this week, addressing his draft prospects, areas of focus heading into his rookie season and what the next chapter of his career could look like.
How money dysmorphia may be affecting your spending habits
Sitting down to look at your finances can be overwhelming. You may discover you’re doing better than you thought or worse.
Lugar Plaza is now a city park, here's what that means
Lugar Plaza is now a designated park. Located in front of the City County Building and right off the Indianapolis Cultural Trail, the plaza is a respite for travelers and pedestrians alike.
