Thyssenkrupp Presta is coming to Fishers, bringing 86 existing jobs and expecting to create 64 more positions by 2020.  The firm will spend $7 million to renovate 47,000 square feet of space once occupied by Comcast.

The Fishers City Council approved a 5-year tax abatement for the thyssenkrupp Presta as part of the Economic Development Agreement, along with a $50,000 commercial grant, conditioned on the jobs promised.  The State of Indiana is also providing incentives, $950,000 in conditional tax credits and up to $200,000 in training grants.

Company officials say all these jobs coming to Fishers will be engineering positions. The Fishers facility will be aimed at high-tech steering systems and other technologies tied to the automotive industry.

Thyssenkrupp Presta has about 500 employees in the Central Indiana area, and is an international firm operating in 79 countries throughout the world.