Mon Jun 17, 2019
Author: RV News
Allison Transmission, a manufacturer of fully-automatic transmissions for commercial and recreational vehicles, broke ground on its new Innovation Center in Indianapolis on Friday. The company’s expansion is expected to create more than 300 new jobs by the end of 2020.
“Allison Transmission has deep roots in Indiana, and I couldn't be more excited about the company's continued commitment to driving innovation right here at home in the heart of the heartland," Gov. Eric J. Holcomb said. "The increased investment we're celebrating today makes Allison, our state and our people well-positioned for future growth. I'm confident that as a global player in Indiana's high-tech success, Allison will continue to lead the way and provide more quality career opportunities for future generations of Hoosiers."
During the next few years, Allison Transmission plans to invest more than $400 million in its business, including building a new Vehicle Environmental Test (VET) facility in Indianapolis and an Innovation Center. The VET, which is expected to be up and running by 2020. It will include two environmental chambers capable of simulating temperature extremes, altitude and on-road conditions that will allow testing for regulatory compliance, on-board diagnostic development and performance improvements.
The Innovation Center is expected to start operating by 2021. It will feature virtual and physical system simulation, as well as development and validation capabilities to support customers, partners and supplier relationships.
Allison will construct and equip the 95,000-square-foot facility next to its Indianapolis headquarters at the corner of 10th Street and Cossell Road. Investment in the Innovation Center will support Allison's development of advancements for alternative fuel and electric vehicles.
"The Innovation Center will consolidate our product engineering groups and facilitate internal and external collaboration for technology and product co-development," David Graziosi, president and CEO of Allison Transmission, said. "The concepts being generated and simulated in this state-of-the-art facility will allow us to bring new technology and products to market more efficiently and faster that add value to our customers, partners and suppliers. All of this was made possible because of a great partnership with the state of Indiana, city of Indianapolis and town of Speedway."
Allison Transmission employs 2,900 workers worldwide, including about 2,600 in Indiana. The company plans to add more than 300 new employees in the VET and Innovation centers. It has immediate openings in engineering, purchasing and marketing, sales and service.
“Allison Transmission has been a global leader in innovation, advanced manufacturing and technology for more than 100 years,” Indianapolis Mayor Joe Hogsett said. “This expansion further solidifies the imprint Allison has made on Indianapolis – and will continue to make for generations to come – attracting top talent for good-paying jobs right here on the west side of our city.”
With the investment, Allison hopes to expand its position as a leading innovator in commercial vehicle propulsion technology. The Innovation Center is expected to become a venue to showcase its technology.
“Allison Transmission has been a vital part of our community since our founding and we are excited to see this partnership continue to grow,” Town of Speedway Councilman Jason DeLisle said. “The Innovation Center will bring talented employees, groundbreaking opportunities, and recognition to what is already a rich and prolific history between Speedway and Allison.”
The Indiana Economic Development Corporation offered the company up to $7 million in conditional tax credits and up to $50,000 in training grants based on the company's plans to expand and invest in Indiana. The tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.