Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Allison Transmission Investing $89M, Creating 205 Jobs in Speedway, Indiana

04/21/2011
Allison Transmission is creating up to 205 new jobs by 2013 in Speedway, Indiana. The company, which produces automatic transmissions, will invest more than $89 million in its facility there. Allison will improve existing infrastructure, manufacturing, and equipment with the funds. The company will also produce a new commercial-duty transmission for tractor trailers in Speedway.

"As our company looked at our Speedway campus and thought about future growth and expansion, the critical element we lacked here was room to grow. Today's announcement to redirect 10th Street in front of our Speedway facilities changes all of that and puts our company in a position where we can grow our business, expand our product offerings, hire more people, and expand our global headquarters here in Central Indiana," said Lawrence E. Dewey, Allison Transmission chairman and CEO. "We have been a long-time corporate member of this community and we plan on maintaining our presence here."

The Indiana Economic Development Corporation will assist Speedway in applying for up to $5 million in federal highway funds from the Indiana Department of Transportation. Indianapolis will provide additional infrastructure assistance at the request of Develop Indy.
U.S. Manufacturers Attempting to Upskill Their Workforces
Geraldine Gambale, Area Development Magazine
Developing Loyalty Among a Millennial Workforce
Geraldine Gambale, Area Development Magazine
Technological Innovation Essential to U.S. Manufacturing Growth
Geraldine Gambale, Area Development Magazine
Which Countries Have Lowest Business Costs?
Geraldine Gambale, Area Development Magazine
Ideas for Industry Innovation Ecosystems Put Into Play
Craig Giffi, Deloitte LLP
Michelle Drew Rodriguez, Deloitte Services LP
All Studies/Research/Papers

Follow Area Development

Share