IBJNews

Bicycle-components manufacturer adding 105 jobs

Back to TopCommentsE-mailPrintBookmark and Share

Zipp Speed Weaponry, a maker of high-end bicycle components, said Wednesday that it will invest $12.4 million in a new manufacturing and customer service center in Indianapolis, creating 105 jobs by 2013.

The company will begin hiring by June, prior to the expected July completion of the 70,000-square-foot plant on Indianapolis’ northwest side near 54th Street and Guion Road. The company will leave its current location at 1180 Main St. in Speedway.

The Indiana Economic Development Corp. offered Zipp up to $690,000 in performance-based tax credits and up to $110,000 in training grants based on the company’s job-creation plans. The city will support additional property- tax abatement requested by Indianapolis Economic Development Inc.

“We are thrilled Zipp has decided to expand its operations here in Indianapolis,” Mayor Greg Ballard said in a statement. “Our city continues to shine as the location of choice for so many companies in many different industries. Zipp is one more young and exciting company we can add to the list.”
 
Founded in Indianapolis in 1988, Zipp Speed Weaponry was purchased in late 2007 by Chicago-based SRAM Corp., also a designer and manufacturer of high-end bicycle components.

Zipp made a name for itself making carbon fiber wheels for triathletes. In 2000, Zipp wheels began gaining popularity with bicycle racers in Europe, where the high-end cycling market is much larger. Since 2000, riders in some of Europe's biggest professional races, including the Tour de France, have used Zipp wheels.

Zipp recently announced that the Astana Cycling team, featuring 2009 Tour de France champion Alberto Contador, will ride on Zipp’s wheels during the 2010 cycling season.

The company currently employs 130 people.
 

ADVERTISEMENT

  • fresh cycles designs
    contact me @ e-mail if interested a different
    cycle direction something for the other side
    of the racing field ........ thank you tony @
    oliveraonpoint@yahoo.com
  • Customer Article.
    Article about Zipp in IBJ today

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. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

ADVERTISEMENT