IBJNews

Allison to add 200-plus jobs over next two years

Back to TopCommentsE-mailPrintBookmark and Share

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.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

ADVERTISEMENT