Chip Ganassi Racing announced on Thursday it plans to invest $3.3 million to locate its two newest Izod IndyCar Series teams in Brownsburg and create up to 30 jobs in the next few months.
The addition of the two teams, Service Central Chip Ganassi Racing and Novo Nordisk Chip Ganassi Racing, are additions to Ganassi’s existing IndyCar race team—Target Chip Ganassi Racing, which is headquartered in Indianapolis.
Ganassi plans to begin hiring employees immediately to prepare for the March 27 start of the 2011 season.
“Indiana's rich history in motorsports, skilled workers and low-cost business environment makes it the most logical location for our team's latest investment,” Ganassi said in a prepared statement.
The Indiana Economic Development Corp. offered Ganassi up to $325,000 in performance-based tax credits based on the company's job-creation plans. Brownsburg will consider property-tax abatement at the request of the Hendricks County Economic Development Partnership.
Sponsors for the two new teams are tire maker TBC Retail Group and diabetes drug maker Novo Nordisk.
Brownsburg already is home to several National Hot Rod Association teams.