ZIONSVILLE – Rahal Letterman Lanigan Racing will expand its Indiana operations, creating dozens of new jobs in Zionsville by the end of 2024.
The company will establish its global headquarters in Zionsville and invest more than $20 million to build and equip a state-of-the-art racing headquarters at the northeast corner of Creek Way and 106th Street. Up to 73 new jobs will be added by the expansion.
The facility will occupy 13 acres southeast of downtown Zionsville. The building will have office and event space as well as automotive R&D and light manufacturing operations.
The company expects to break ground on its headquarters late 2020 and be fully operational by spring 2022.
Founded in 1992, RLL is co-owned by three-time IndyCar champion and 1986 Indianapolis 500 winner Bobby Rahal, Hoosier David Letterman, and Mi-Jack co-owner Mike Lanigan. The company earned its second Indy 500 win this year when Takuma Sato won.
“Our efforts to seek the right fit for Creekside Corporate Park have proven successful with Rahal Letterman Lanigan Racing expanding to Zionsville and choosing Creekside Corporate Park for their corporate headquarters,” said Zionsville Mayor Emily Styron. “In Zionsville, we have the best of both worlds – a thriving business community and an unparalleled quality of life. RLL fits in well with the local culture and business environment and I know their team will love being part of this community. We are thrilled to welcome RLL to town.”
The Indiana Economic Development Corporation will offer RLL up to $1.2 million in conditional tax credits based on the company’s job creation plans and up to $300,000 in conditional tax credits from the Hoosier Business Investment (HBI) tax credit program based on the company’s planned capital investment in Indiana. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.