Italy-Based OMR Automotive To Locate $10 Million North American Headquarters In Speedway, Indiana
OMR Automotive will invest $10 million to construct a 43,000 square-foot facility on its 2.5-acre campus located at 4755 Gillman Street in Speedway, which includes the installation of new equipment and advanced manufacturing technologies.
The company also purchased an additional 2.5 acres located at 4743 Gillman Street for future expansion. As OMR’s fifth location outside of Italy, the company expects to begin construction on its Speedway facility by April, with operations launching by the end of the year. The operation will house the company’s machining and assembling of automotive components for engines, transmissions and chassis.
“Indiana stands out as the ideal place for our North American home base, situated in Speedway, a town known the world over for its legacy in auto racing,” said Marco Bonometti, Chairman of OMR. “Our team looked across the region for a place that would maximize growth opportunities for our world-class manufacturing operations, building parts in cars on roads all around the world today. We were impressed with the tax structure and affordable business climate in Indiana, and look forward to a long future here.”
“OMR’s North American headquarters will be in great hands with Hoosiers in the driver’s seat,” said Governor Mike Pence. “Indiana’s motor vehicle industry is prominent around the world. Japanese companies like Toyota, Honda and Subaru helped launch the international automotive presence in Indiana that has multiplied in recent years to now include Italian companies like OMR, proving Indiana is a state that works for the automotive industry.”
The Indiana Economic Development Corporation will provide the Speedway Redevelopment Commission with up to $1 million in infrastructure assistance from the state's Industrial Development Grant Fund. In addition, the town of Speedway and Speedway Redevelopment Commission will consider additional tax abatement.
“Given the town of Speedway’s racing history and automotive roots, it is a complete privilege to welcome such a well-known and successful international industry leader to open its first and only headquarters in North America,” said David Lindsey, Speedway Town Council President.
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Nondisclosure Agreements Best Practices When Negotiating Incentives