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Allison to add 200-plus jobs over next two years

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Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.

Local and state officials joined executives Tuesday afternoon to announce the plans, tied to a new transmission it has developed for over-the-road commercial trucks.

In addition to expanding and equipping Allison’s manufacturing facilities, the project calls for rerouting West 10th Street in Speedway to consolidate parking lots and accommodate the growth.

Allison, which employs nearly 2,500, hired 50 workers earlier this month, according to a prepared statement. Additional hiring will occur over the next two years as upgrades are made.

The city of Indianapolis will provide $1 million for infrastructure improvements, and another $3.5 will come from federal transportation funds. Develop Indy will support Allison’s application for a seven-year personal property tax abatement.

Last summer, Allison said it would invest $130 million in its headquarters and manufacturing complex to make room for work on hybrid systems for commercial vehicles. It planned to use a $62.8 million Department of Energy grant and $67.2 million of its own. About 100 new and retained jobs were to be associated with that project, the company said then.

Rerouting 10th Street ties into the town of Speedway's ongoing $500 million "Speed Zone" redevelopment, which aims to bring business back to Main Street and create pedestrian zones around the Indianapolis Motor Speedway.

Work on Main Street began this year. Other components of the 10-year project include rerouting 16th Street to the south, away from the track, to create a pedestrian zone near the track. The plan also calls for closing Georgetown Road south of 25th Street, diverting traffic to Lynhurst Drive, to create a park and pedestrian promenade alongside the track.

The town has already vacated Grande Avenue south of 10th Street, where it cuts through the Allison campus.

Allison, the world's largest maker of fully automatic commercial transmissions, also is planning an initial public offering worth an estimated $750 million.

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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