The City of Fishers has been well-known for attracting high-tech enterprises, but now auto racing is part of the local business scene.

The State of Indiana announced Andretti’s plans Monday morning.  Below is the full news release:

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Andretti Global, the parent company of Andretti Autosport, announced plans today to establish its universal motorsports headquarters in central Indiana, enabling increased innovation and creating up to 500 new jobs by the end of 2026.

“Indiana has long been the racing capital of the world, and Andretti Autosport’s commitment to growth here will only further cement our state’s leadership position in Motorsports and STEM-related pursuits,” said Governor Eric J. Holcomb. “This new campus will not only bring new, exciting employment opportunities and serve as an asset for one of our fastest-growing communities, but it will also show just how much this living legacy, one of the most globally iconic brands known, continues to invest in the future of our great state.”

“I am excited to celebrate this legendary racing family of entrepreneurs in their competitive quest to innovate in the global racing industry,” said Indiana Secretary of Commerce Brad Chambers. “Indiana continues to demonstrate leadership in this sector as well as its position as a premier destination for automotive, speed and mobility-focused industries.”

Andretti Global will invest $200 million to build a modern, 575,000-square-foot facility on 90 acres in Fishers near the Nickle Plate Trail, Ritchey Woods Nature Preserve and Indianapolis Metropolitan Airport. The new development will serve as the headquarters of Andretti’s global commercial functions and the base of operations for the team’s current NTT INDYCAR SERIES, Indy Lights and IMSA programs, as well as other future racing initiatives. In addition to housing day-to-day operations for the racing team, the building will be home to the advanced research and development efforts of Andretti Technologies.

“Indiana holds an important place in the history of racing, and in my career as a driver and an owner; I’m happy to confirm that the Racing Capital of the World will continue to be the home of our global racing efforts for a long time to come,” said Michael Andretti, chairman and CEO of Andretti Autosport. “Over the past 20 years, I’ve worked to expand our operations, and I’m proud of our steps to create a diverse racing portfolio. For us, it’s about more than just having somewhere to work on the cars; it’s about having a global motorsport home and sharing that with our people, our fans, and our sponsors to advance the sport and leave a lasting legacy.”

Planning of the new headquarters is underway, with construction expected to begin in the fall and the facility expected to be operational by 2025. The collaborative campus will feature modern technologies and create a work-life environment to support Andretti’s team, fans, and partners. Additionally, the headquarters’ location will allow Andretti Global the opportunity to welcome community and race fans from the around the world through involvement with the Fishers Parks Nature First program, planned indoor amphitheater and museum and innovation center that will preserve and showcase the Andretti legacy and inspire the future of motorsports.

“Partnering with Andretti to bring an incredible mix of innovation, visitor experiences and a commitment to the local community is a dream come true for this special property at the Indianapolis Metropolitan Airport,” said Fishers Mayor Scott Fadness. “Fishers will be a welcomed home for the future of Andretti, and I look forward to celebrating their successes together.”

Andretti operates worldwide in seven racing championships and across eight types of motorsports with 17 full-time drivers. Since establishing the team in 2003, Michael Andretti has built a diverse, global enterprise competing at the highest levels of motorsport and reaching all five habitable continents. In his time as a team owner, Andretti has collected 17 championship titles and 252 race wins – including five Indianapolis 500 victories, victory at the Bathurst 1000, a Sebring 12 Hour title and wins in the ABB FIA Formula E World Championship and Extreme E series.

“In 2015, the Indianapolis Airport Authority and the City of Fishers partnered to maximize the use of this land and thus increase to an even greater level the quality of life for residents of Fishers, said Mario Rodriguez, executive director of the Indianapolis Airport Authority. “We are so pleased Andretti chose this location and supports the vision for this vital part of Fishers and the iconic team that leads this great effort.”

Pending approval of the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will commit an investment in Andretti Autosport of up to $19 million in the form of conditional tax credits and up to $125,000 in training grants based on the company’s plans to invest in its Indiana operations. The city of Fishers has approved additional incentives.